Posted by Tony Dulgeroff on March 02, 2002 at 12:06:59:
First of all, have you called any lenders and asked them if they offer the type of loan that you’re looking for?
Next, why not try a mortgage broker? They represent many lenders and can sometimes find the exact type of loan that you are looking for.
Also, have you had the chance to talk to any sellers? I’ve found that talking to sellers, or other owners of rental properties, can help to clear up alot of the questions that you might have.
And, keep in mind, a multi-unit property can generate alot of income, and that income becomes yours when you become the owner.
Next, there are many ways to work out deals with little or sometimes no money down.
I’ve got many ideas if you’d like to e-mail sometime.