Part rehab, part occupied... Will it qualify for a mortgage?
Hey BP,
I’ve located a triplex that has some potential but am wondering about financing. It is 33% occupied and the one unit puts it over the 1% rent to price ratio. However, the other two units and the exterior need swork to make rent ready .
In general terms, would this property still qualify for an agency loan because it is occupied?
Thanks for the input!