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Kevin Lang
  • Justin, TX
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Quadplex lending advice (Texas)

Kevin Lang
  • Justin, TX
Posted May 11 2021, 17:35

Newbie investor trying to make my first move. Have a quadplex that already cashflows very well that I was able to get under contract for 293k. The lender I'm using failed to mention I'd need to bring 25% down instead of 20%, so I'm in a bit of a situation (I should have researched, but life lesson learned). The lender wants me to bring about 90k to closing. I have about 60k and 90k is probably too far of a stretch. Anyone have any advice or know of any types of loans that would be more budget friendly? 

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