I was thinking of using hard money for the downpayment only. We can get 85% financing through our broker, and were thinking of borrowing 5-10% hard money for the downpayment, to speed things up, because it takes a while to save 15% for a $2M building. So, my question is really can I finance...

Hello Thomas: Thank you for the useful info! I understand that selling is the LAST option. However, at some point if an old building starts to kill my cash flow because of maintnance/repair issues, does that not say it`s time to part with it? Of course, we`ll try to get something that is not...

How about using a hard money loan for the downpayment? This would be a second mortgage I believe, at a higher interest than the first. Do people do this? It is something that I would like to know about as I see myself getting in a similar situation - save to buy a property, and even with my...

Hello: My friend and I are looking to buy our first small (6 or 8plex) multi-family building. Other than the usual DD research, we`re wondering about the age of the building. For those who have experience, how old would you say is too old to buy, or maybe put better, to sell? We would most...

Hello everyone! I would be very interested to hear recommendations for a good book on buying apartment buildings. I have read all of Dan`s books of course, and there are a few on Amazon about apartment buildings, but I don`t trust the reviews. I would prefer to hear from people who invest in...

Hi everyone! This is my first post here. As someone else already said, I too have learned so much from Don`s books and reading the posts here. My question is about buying a larger property, something around $500K, with less than 20% down. I understand that one could do that if they live in...