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Updated over 9 years ago on . Most recent reply

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Dylan Tozier
  • Producer/Editor
  • Tampa, FL
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Getting a Loan

Dylan Tozier
  • Producer/Editor
  • Tampa, FL
Posted

Hello All,

I am interested in purchasing a duplex in Tampa, Fl to use as a rental property. I'm looking to stay around $60k for a loan with 20% down. I know at that price I will have to put in some sweat equity.

I just started my first full time job about 4 months ago. Before that I was in the same industry, but only had part-time, contract, freelance type work. My salary is $43k. My credit score is 750ish. I would like to manage the property myself most likely.

Will I have any trouble getting a loan from the bank?

Thanks!

Dylan

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