Buying my second multi family
Hello everyone, I new here to BiggerPockets and I’m excited to connect with this community. With that said here is my current situation.
I’m currently trying to pursue my second multi family property. The problem I’m having is when I put in an offer an investor with a cash offer or a fha 203k loan seems to get the property over me as I am looking to put 20% down with a conventional loan this time around.
My realtor told me that he banks look at those two options before looking into a conventional loans offer.
So with that said any advice on how I should approach this and get my offer recognized?
Thanks in advance everyone
Pablo Barrientos