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Updated over 8 years ago on . Most recent reply

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Joshua Morgan
  • Hudson, OH
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Multifam Financing Options When Fannie's Criteria Isnt Met

Joshua Morgan
  • Hudson, OH
Posted

I'm looking at buying my first rental property and need advice. I have the cash for a down payment and have been told the properties that I'm looking at do not meet Fannie's criteria. They both are in decent shape and cash flow well. One is a fourplex and the other is a duplex with a single family home on the same lot.

What are my options and what would you do if you were in my shoes? If you can break it down "Barney-Style" I would be appreciative!

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Nathan Click
  • Lender
  • Morrisville, NC
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Nathan Click
  • Lender
  • Morrisville, NC
Replied

@Joshua Morgan - Those deals are on the small side however I have worked cases like those as a commercial broker.  I may be able to help you with options feel free to reach out to me.  

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