No (low) money down on multi family
HELLO BP Community so I’m trying to get into more multi family deals like 10+ units I can get financing for them I have a lender who is will to work with me, but the problem is coming up with the money for the down payment. I have limited capital. But where there’s a will there’s a way. Has any one done deals with none of there own money or with no money down? If so what kind of strategy did you use? How was the deal structured? Would love to hear your story and your success, and any lessons you may have learned
Thank you to everyone in advice
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Axel, there are tons out there have done multifamily deals without any of their own money. Find a partner to bring to the deal, they bring the money and you bring the deal and manage it. You could also syndicate, but that typically happens on larger deals. You could also flip a few properties to increase your capital then close on it on your own.