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Updated over 8 years ago on . Most recent reply

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Regina Moffett
  • Houston, TX
2
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8
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Apartments Investing - ...advice very welcomed

Regina Moffett
  • Houston, TX
Posted

...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?

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8
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2
Votes
Regina Moffett
  • Houston, TX
2
Votes |
8
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Regina Moffett
  • Houston, TX
Replied

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.

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