Buy and hold multifamily home pros assistance needed
Hello, I am new to the BP forums and would like to know what all of you think about my situation. I started investing when I was in my early 20's when I purchased my first home. As I moved around the country due to my career I would buy a property at every location to live in for the 2-3 years that I was at that location. I now have a total of 4 properties counting my current home of residence.
I am now wanting to acquire a multifamily home and expand my reach in the buy and hold realm. I am running into a few different issues. 1. I do not have a 20% down payment to fund the loan, all of my liquid cash is tied up in the properties I own. 2. due to covid the bank does not want to provide a HELOC. And finally 3. my income/ output ratio is over 50%. What would you say is the best course of action to purchase this multifamily home and still have enough room to purchase a homestead once I move to the new location? Any advice is appreciated. Thanks