Updated over 6 years ago on . Most recent reply
Strategies for acquiring multifamily units
Hello,
I am looking for suggestions on how to acquire multi-family properties with little down. I have minimal background in real estate investing, mostly just self-educating. I am currently in the process of closing on a up/down duplex; I used a FHA loan on this property and plan to owner occupy one unit.
I would like to acquire more properties but a conventional loan with 15-20% down doesn't look appealing. I know it is possible, just looking for insight.
Thanks!
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#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
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#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
If you can find properties that have enough meat on the bone to renovate and raise rents, you can be all in for nothing or a small down payment. You may be able to get hard money on the purchase or use private money.
Other options would be seller financing, such as, subject to, sandwich lease options, Contract for deed.
Also, possibly bringing in partners to come up the the down payment