How to Put low money down with non owner occupied multi families?

Question

Hi guys,

I am exploring ideas on how to obtain a rental property using as low % down as I can without going through a bank?

Has anyone done this? had success? I would love advice.

Thanks!

Percy N. · Answer

@Ryan Corcoran, depending on the asset class and your experience level, you can try:

• Seller financing
• Subject-to
• Joint Venture
• Private Money
• Syndication
• Fannie Mae Apt loans (http://www.crefcoa.com/fannie-mae-products.html)

I am sure there are many other methods people have used but these can get you started.

Duriel Taylor · Answer

@David Dachtera

Thank you for your feedback. I completely understand that most investors prefer to deal/trust people they know however, in this business it's great to invest in people and he process because you never know what they might turn out to be (ultra successful). I look forward to working with you in the future. Take care and enjoy your day.

Regards

David Dachtera · Answer

@Duriel Taylor,

These are people who are part of my colleagues' teams and warm markets. That would be indiscreet. They partner with people they know and invest in their projects. They do not "lend on assets".

Apologies ...

Anthony Gayden · Answer

@Ryan Corcoran

I have heard about people using commercial loans to purchase multifamily and putting only 5-10% down, getting 75% from the bank, and having the owner carry a second for the remaining amount.

Duriel Taylor · Answer

@David Dachtera

Hello, can you tell me more about the firms and or contacts that lend on assets? I look forward to hearing from you soon.

Regards,

David Dachtera · Answer

@Ryan Corcoran,

I have people in my group who do Multi-family with none of their own money or credit.

For what it's worth ...

Kyle Gadberry · Answer

@Ryan Corcoran There are a few residential hard money lenders out there that may go 100%. Anywhere else you need 25-30% down pymt.

How to Put low money down with non owner occupied multi families?

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