Updated 8 months ago on . Most recent reply
Financing for Multifamily Properties
I'm looking to speak with a seasoned real estate investor. I have a cash flowing short term rental property & I'm ready to move on to multifamily investing. I have so many questions about which financing to use to purchase a property. Should I get a conventional loan, a hard money loan, cash out refinance or just try to raise capital.
Thank you,
Derek
Most Popular Reply
Benjamin Aaker
Professional Services
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- Rental Property Investor
- Brandon, SD
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It will be difficult not to use any of your own money. Once you have a track record, you can start using other people's money, but you really should learn how to do it. Look for value-add properties, raise the property value, then refinance to get your money back.