How to purchase my first MF?
I'm currently looking into buying a 4-5 unit multifamily building in a certain area of a major city. How do you go about buying something off-market? I was thinking of sending offers to all the MFs I like and see potential and then trying to follow up.
[{"id": "fvqy7d2", "text": "I would clearly define either or number of units. For the most part you  can do up to 4 units on a residential loan and 5+ is considered commercial in the US.", "replies": [{"id": "fvr88pn", "text": "Yep this will mean very different loan terms", "replies": [{"id": "fvrq3x4", "text": "I am looking at &lt;5, so a residential mortgage would be ideal", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fvr1ts7", "text": "Are you going to be all cash? How do you even know you could get a loan for some of these properties otherwise?", "replies": [{"id": "fvrq52f", "text": "Cash and then refi my man", "replies": [], "depth": 2}], "depth": 1}, {"id": "fvr3c48", "text": "If you have the capacity to do so - pull the title report and you can often figure out who owns it (with a little googling). Or send a letter to address on title report.", "replies": [{"id": "fvrqmoh", "text": "I have a list of all the owners and their contact information of the type of property I am looking for", "replies": [], "depth": 2}], "depth": 1}, {"id": "fvs35zb", "text": "Happy to show you the software and methods we use. PM me.", "replies": [], "depth": 1}]