Finding Financing

Finding Financing

Colchester, VT · Member since 2014 · 3 posts · 1 vote
Hey guys! Looking into purchasing my fourth property/third rental. Unfortunately the purchases of the last ones have not been long enough for them to appreciate to use them as sources of another down payment. The couple possible apartments I'm looking to purchase are in the $350k to $500k zone, but am finding a challenge collecting the necessary 20% down for the loan. Anyone familiar with any lenders who are doing 10 or 15%?
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  • Loan Officer / Processor / Life & Health Agent · Rancho Cucamonga, CA · Member since 2014 · 1k+ posts · 757 votes
    10y

    @Richard McClain

    How many financed properties do you own and how long have you owned them Sir?

  • Colchester, VT · Member since 2014 · 3 posts · 1 vote
    10y
    Hi Shaun, two rental properties, one primary home, purchased the two rentals four years and three years ago, and the primary two years ago. Interested in your thoughts -
  • Loan Officer / Processor / Life & Health Agent · Rancho Cucamonga, CA · Member since 2014 · 1k+ posts · 757 votes
    10y

    @Richard McClain

    Make sure you use the @ button as that will notify the person immediately.

    Fannie has a 1 day seasoning requirement for investment property income.

    Please listen to my interview on the Joe Fairless Show...the link is on my profile.

    You will be able to pull out money if there's enough equity.

    PM me as well Sir

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