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Updated over 6 years ago on . Most recent reply

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Bo Banner
  • Manhattan, KS
1
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5
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No landlord experience—investment loan?

Bo Banner
  • Manhattan, KS
Posted
I currently househack and am looking to get my next investment property in 2019. How likely is a bank to give me an investment loan?

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341
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Nicholas Weckstein
  • Real Estate Agent
  • Warrior Run, PA
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Nicholas Weckstein
  • Real Estate Agent
  • Warrior Run, PA
Replied
@Bo Banner very likely. In my experience with most banks they don’t look for u to have land lord experience when purchasing an investment property in the 1-4 unit range. They’ll want 25% down payment. Good credit. Pretty much the same as buying a personal residence with a few extra stipulations but nothing to wacky.

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