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Multi-Family and Apartment Investing

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Kyla Bailey
  • Real Estate Agent
  • Columbia, SC
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8
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First multi family property- need financing

Kyla Bailey
  • Real Estate Agent
  • Columbia, SC
Posted Jun 17 2019, 09:51

Hi! My name is Kyla Floyd and I’m a young Realtor in Columbia, SC. I found the perfect first investment property and need help financing it. The problem I am facing is, I’ve only had commission based income for 1 year instead of the 2 years required for any banks to lend. Any suggestions? I don’t have the “ask a family member” option. 

Info about the property: 

Asking price is $225,000

Location: one of the top neighborhoods and will hold its value forever. Close to downtown and USC college campus.

Currently being rented and has a full year lease signed for 2020 at $2325. 

Thanks in advance!!

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