Questions with MF investing.

[Anthony Fu]

Howdy BP Community! 

I am fairly new to the MF investing and have a few questions.

1) Can a loan be applied under LLC or has to be applied by the partners of the LLC?

2) What are the loan options that won't require a good portion (less than 20%) of down payment?

3) Have you done seller's financing? If so, what are the tips you can share?

Thx!

Anthony

[Kim Meredith Hampton]

Hi @Anthony Fu

1. Most MF loans over 5 units can use an LLC, but most residential want personal loans

2. MF loans are typically 25-35% down all depending on the cash flow the property produces, it really is all more dependent on the property and not you

3. IF you can find a seller financing in MF, they want 35-60% down with a 5 year ballon, but this varies greatly from market to market, as well what the seller is trying to achieve with cash flow and taxes