Updated over 4 years ago on . Most recent reply
Loan Approval Problems in Cincinnati
Hello, my name is Jameson Vaughan I am just getting started in real estate investing. I have found two units in which I am interested in and they both have a Cap rate of 8%. I have talked to many lenders and search online for many different options to buying. I recently started a new job as a server and all the lenders I have talked to said I need to wait 2 years before I can get approved. I have thought about going in on a deal with a partner but I was told buying a house won’t necessarily make it easier to get a loan the next time around. If anybody has any suggestions or any lenders that could help me resolve this issue it would be much appreciated! I am pretty quick to responding and I need help. Thank you!