Multifam Financing Options When Fannie's Criteria Isnt Met
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!
Most Popular Reply
@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.