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Updated over 8 years ago on . Most recent reply

Apartments Investing - ...advice very welcomed
...hard money lenders that do not consider your credit score or conventional lenders that WILL allow you to use the equity as the down payment. I see this informtion while doing my due diligence, but this information seems to be a myth. And with being honest and straight forth with this being the start/beginning of my portfolio, its as though you are spraying some 'run b-gone' spray as you come to realise that no one ( lenders ) really wants anything to do with the beginner.
Even with the property already turning a huge profit, the lender still has a raised brow. Am i dreaming too big?
Most Popular Reply

Hi Michael, Happy Thanksgiving, the lenders aren't getting anything wrong. I'm wanting to make sure I get it right. The investment is multi-family (60+ units) currently with about 80/85% occupancy. I would like to go into better detail with it, but im not sure of how much info i can put on BP, im new to BP, dont really want to break any rules here. I'm going to see if I can send you a PM.