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All Forum Posts by: Dennis Fergus

Dennis Fergus has started 1 posts and replied 3 times.

Post: Multi family financing

Dennis FergusPosted
  • Posts 3
  • Votes 3

Everyone that commented, thank you for all the info! Chris I will reach out to you and Lawrence to come up with a plan moving forward.

Post: Multi family financing

Dennis FergusPosted
  • Posts 3
  • Votes 3
Quote from @Nicholas L.:

@Dennis Fergus

what's your specific question

How do I get financing to buy a property every year with strict lender guidelines? My problem has been debt to income and my W-2 income. Do I find another lender or maybe find private money lender?

Post: Multi family financing

Dennis FergusPosted
  • Posts 3
  • Votes 3

Hello, bigger pockets community. I bought my first house hack in Salem, Oregon in 2021. I have struggled to buy another property with high prices, high interest rates and my debt to income. My goal was to buy a small multi family once a year, but has been challenging as a solo investor. My goal is to own a minimum of 10 properties. I haven't really looked at out of state investing because of the down payment. Locally house hacking solves the low down payment problem while living in the house for one year, moving out renting out the property and buying another.  Creative finance sounds amazing if I could find seller's willing to work with me. Any help would be appreciated.