Updated over 5 years ago on . Most recent reply
Mortgage Loans for Investment Properties
Hello everyone,
I just have a basic question. How do you guys find a bank or financial investors who give you mortgage loans for your investment properties? I know some people go through mortgage brokers and they do the job for you but is there a way I can get in touch with someone to see if I'm qualified for a certain loan amount. I know some banks don't give out mortgage loans for investment properties. I just want to test the waters to see what I would be approved for a house that's already built. I am told that mortgage loans are a little different if you're building new construction vs buying an older property and the requirements for the loan may be different. I currently live in NY and I am doing investment properties in Florida (3 units so far) and all 3 are new construction. Thank you so much guys!