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Updated over 5 years ago on . Most recent reply

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8
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Jeremy Ring
  • Denver
2
Votes |
8
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Non-Conventional options for quad in Colorado?

Jeremy Ring
  • Denver
Posted

Hey fellow BPers - I'm trying to explore funding options for a quad in Colorado. I haven't worked at my current job long enough to qualify for conventional funding, so exploring alternatives. I saw a recent post about non-QM funding with a 15% down (which is about the maximum I could provide), but it wasn't from a Colorado lender. Another option is obviously hard money, but I'm not sure I can get enough of a deal with my lack of experience and contacts, even if I refi after a year. This would be my first deal.

Any other alternatives? The deal exceeds the 1% rule, renters already in place, the numbers look good to me.

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