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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
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HomeForumsMortgage Brokers & LendersNeed Lender in Phoenix: one tenant already in place
Briana W.'s profile image
Briana W.'s profile image
Briana W.
  • from Scottsdale, Arizona
  • Member since Sep 24, 2016
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Briana W.'s profile image
Briana W.'s profile image
Briana W.
  • from Scottsdale, Arizona
  • Member since Sep 24, 2016
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Briana W.
  • Scottsdale, AZ
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Mortgage Brokers & Lenders

Need Lender in Phoenix: one tenant already in place

Briana W.
  • Scottsdale, AZ
Posted Jan 26 2020, 17:35

The investment property I'm interested in is roughly $500K. Tenant in place downstairs for $1350. Imagine renting top floor for $2000 so covering the mortgage would be no problem. BUT I don't have cash for 25% down. Who in Phoenix area would give me a mortgage with 5-10% down, proof of tenant's rent and my income as worthy qualifiers???

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