Looking for help to learn about the financing

Member since 2025 · 88 posts · 48 votes

Hi Tara, I won't be able to do a JV, but I am available for advice or a phone call or two. I can explain how the financing works if you are interested. My email is in signature, feel free to contact me.

[email protected]

1 Reply

Nyisha Walton

Lender · Houston, TX · Member since 2026 · 25 posts · 3 votes

1d

Hi Tara, congratulations on finding a building you like. I'm with EquityNest Capital, and we fund investors in 30+ states, including multifamily purchases and value-add projects. I'm happy to look at the numbers with you and talk through funding options. Send me the price, unit count, and current rents and we can go from there.

1 Reply

Tara Witherbee
OP
New to Real Estate · NV · Member since 2025 · 16 posts · 17 votes
22h
The multifamily I'm looking at is here in Nevada, but it has been advertised as Attractive financing & the seller will carry. I can try to get the numbers today or tomorrow. I can also send you the link of the property if need. Do you have an email by chance?
1 Reply
Nyisha Walton
Lender · Houston, TX · Member since 2026 · 25 posts · 3 votes
21h
I just sent you a request to connect :-)
1 Reply

Mike GrudzienPro Member

Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes

23h

Network locally with investors (R.E.I.A. group) and find a mentor.

1 Reply

John Leland

Specialist · I give advice - [email protected] - I focus on states where investing is profitable, reasonably safe & secure · Member since 2026 · 107 posts · 29 votes

23h

Quote from @Tara Witherbee:

Hi, all! I hope you are all doing really good and having a Wonderful Day!

I'm here because I'm still looking for a property to get started in for investing. But I need someone that I can go to as a newbie. I'm located here in Nevada, and I actually found another building that might work, but I need another set of eyes to let me know what they think ( someone who's done more than a few multifamily deals, with experience) and to possibly help me find or think of financing that would work. I really just want to get started in real estate and I'm drawn to the multifamily. I am open to a partnership ( JV) with someone if they are interested. I feel like it would help. I know I have a lot of learning to do, but I can't do it without the help of a professional. Please let me know if this is you and you can DM or send a message and we can take it from there. Thank you for your time. Have a Beautiful Day!

~ Tara

Since you are interested in multifamily, that is a little more specialized than most investors. but perhaps general information will get you going in the right direction.

Are your questions more about financing, taxes and rents or are they about appraisals, inspections and maintenace?

Or are they about landlord/tenant law?

1 Reply

Tara Witherbee
OP
New to Real Estate · NV · Member since 2025 · 16 posts · 17 votes
22h
Probably all of that. But one thing at a time since I do get overwhelmed. I can definitely learn if I have the right people aligned with me. Thank you for bringing that up, too! I do know and am aware I've got a lot to learn in this area, and that was another reason why I thought being able to JV with another who has the experience would be able to help me with. I think the best thing for me right now is to stick to Nevada since that's where I'm located.
0 Reply

Arman AhmedPro Member

Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 954 votes

23h

Quote from @Tara Witherbee:

Hi, all! I hope you are all doing really good and having a Wonderful Day!

I'm here because I'm still looking for a property to get started in for investing. But I need someone that I can go to as a newbie. I'm located here in Nevada, and I actually found another building that might work, but I need another set of eyes to let me know what they think ( someone who's done more than a few multifamily deals, with experience) and to possibly help me find or think of financing that would work. I really just want to get started in real estate and I'm drawn to the multifamily. I am open to a partnership ( JV) with someone if they are interested. I feel like it would help. I know I have a lot of learning to do, but I can't do it without the help of a professional. Please let me know if this is you and you can DM or send a message and we can take it from there. Thank you for your time. Have a Beautiful Day!

~ Tara

Tara, multifamily can be a great way to get started, but I’d make sure the financing and numbers work before jumping into a deal. Don’t feel like you need to figure everything out alone. If you’re open to looking outside Nevada, the Midwest market has some more affordable multifamily opportunities worth exploring, and having local lenders and property managers can make a big difference.

[email protected]614-418-6081

1 Reply

Nicholas FloydBusiness Member

NY · Member since 2026 · 287 posts · 95 votes

20h

Sean, I agree with you 100%. One thing I always emphasize is that investors need to understand how their financing affects their personal credit as they continue building their portfolios.

That’s one of the reasons I like business lines of credit that don’t report ongoing utilization to personal credit bureaus. It allows investors to access additional capital without increasing their reported personal credit utilization.

I also work with investors who need larger amounts of funding, and depending on their credit profile and business structure, there may be several ways to approach it.

I’m curious, Sean, are you seeing more investors move toward business-purpose financing specifically to keep their personal credit profiles from becoming overloaded?

0 Reply

Divin KanyamaBusiness Member

Accountant · Seattle, WA · Member since 2025 · 433 posts · 177 votes

15h

@Tara Witherbee —your willingness to ask for help is a good start. Before pursuing a partner, put together a simple deal package with the asking price, current rent roll, trailing income and expenses, unit mix, occupancy, repair needs, proposed financing, and your conservative projections. Experienced investors can give much better feedback when the information is organized.

For another set of eyes, consider paying a multifamily-focused broker, property manager, inspector, lender, CPA, or real-estate attorney for targeted advice. A few professional reviews may cost far less than giving away equity or taking on the wrong partner. Ask lenders to explain the required down payment, reserves, debt-service coverage, recourse, rate terms, and how they treat the property’s actual income.

A JV can be valuable when each person brings something specific—capital, financing strength, deal sourcing, operations, or construction expertise. Don't partner only because someone sounds experienced. Verify references and track record, and have an attorney document contributions, decision rights, guarantees, distributions, reporting, disputes, and exit options before money changes hands.

Your first goal should not simply be to close a deal; it should be to understand why the deal works and what could make it fail. Share the numbers rather than only the listing, and ask reviewers to challenge the rents, expenses, repairs, financing, and exit assumptions. If the deal still works under conservative assumptions, you’ll be in a much stronger position to move forward.

[email protected]

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Ashish AcharyaBusiness Member

CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes

13h

Tara, you’re actually at a good point to get some professional eyes on this before you move forward. With a multifamily property, I’d want to look at the financing, the numbers, and the ownership structure together rather than treating them as separate decisions.

If you're considering bringing in a JV partner, I'd also make sure you understand who is putting in the money, how ownership and profits will be split, and what happens if you need additional capital later.

From the tax side, I'd look at the entity and JV structure before closing as well. The way you structure the ownership can affect how income, losses, depreciation, and future distributions are handled. And once you have the property under contract, I'd want to look at the depreciation strategy and whether cost segregation makes sense.

You don't need to know all of this as a first-time investor. That's what having the right professionals around you is for. I'd focus first on making sure the deal works, the financing works, and the structure works before you commit to it.

Feel free to DM me, I’d be happy to send over a few resources that might be helpful.

[email protected]941-914-7779

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Nicholas L.Pro Member

Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes

9h

@Tara Witherbee

hi Tara. how many units is the property? and if it's listed on the market, and supposedly "attractive," but it hasn't been snapped up by another investor, that's actually a major red flag.

and finally, new investors shouldn't partner or JV - it's high risk for both them and the potential partner.

not trying to be discouraging, just realistic. happy to provide more input if you can provide more details

0 Reply

Rick Matinez

Lender · Nevada. · Member since 2026 · 5 posts · 3 votes

6h

Hi Tara! Welcome - Nevada multifamily is a great place to start.

Since you're new, here are the 2 financing paths I see new investors use most for first multifamily (2-4 units especially):

1. DSCR Loan (most common for investors):
No W2/income docs needed. Lender just looks at: Does the rent cover the mortgage?
Formula: Monthly Rent / PITIA = DSCR ratio.
If the property is 1.0+ (rent covers payment), you can usually get 75-80% LTV. This is great if you want to keep your day job income separate.

2. Small Multifamily Partnership / JV:
For 5+ units, many first-timers partner with someone who has experience for the first deal. You bring hustle/capital, they bring track record to get better terms. Just make sure JV agreement is very clear on who funds what and exit plan.

For Nevada specifically - if it's 2-4 units, DSCR will be easiest to start. If it's 5+ units, you'll want to look at commercial DSCR or community bank portfolio loans.

You got this!

1 Reply

Quetzaly TorresPro Member
Investor · Jacksonville, FL · Member since 2026 · 16 posts · 1 vote
4h
Hello Rick — do any of the DSCR or commercial lenders you work with allow seller financing in second position to help bridge the buyer's equity gap?
I often come across investors exploring this approach, sometimes referred to as the Stack Method, where they combine senior financing with a partial seller carry to structure an acquisition.
It's particularly interesting with properties that have been sitting on the market for a while. Rather than continuing to reduce the asking price, sellers may be open to carrying a portion to attract more qualified buyers and get the deal closed. Are any of your lending programs open to this type of structure?
0 Reply

Quetzaly TorresPro Member

Investor · Jacksonville, FL · Member since 2026 · 16 posts · 1 vote

5h

@Tara Witherbee
Hi Tara — you mentioned the property is being advertised with attractive financing and that the seller is willing to carry.

That could open up some interesting possibilities, depending on the terms. Sometimes it's not just about finding a lender, but figuring out how to structure the financing so the numbers work for both the buyer and seller.

Have you found out how much the seller is willing to carry, what down payment they're expecting, and whether they'd consider carrying a portion alongside another lender?

I'd be curious to see what they're offering. There may be more than one way to structure this.

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Looking for help to learn about the financing

Looking for help to learn about the financing

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