Good morning from Hawaii!
I have a four-unit deal under contract in Bay County Michigan. I am seeking 80% LTV financing on a 2-5 year note. Inspections were just completed by a licensed inspector and the property received a clean bill of health.
Location: Auburn, MI
Purchase price: 145,000
units: 4 (2 bed/1 bath)
Current rents: 2,400 (it is fully-occupied)
I am Active Duty Air Force with steady income. I currently have 4 properties, 9-units in Midland and Bay Counties, Michigan; all of my properties produce great cashflow and are 100% occupied. Also, I own my primary residence in Hawaii. I look forward to hearing from some great lenders!
I can do a 3-7 year term for you. In order to do 80% LTV on a purchase, I'd need your credit score to be 720+. Interest rates will be 6.5% - 9.5%.
Hi Vince, we can do a 5/1 ARM; 80% LTV; 3 points origination; 6.5 to 7.5% fixed
Thank for the awesome response. I found a lender in no time. I have saved the contact info of everyone else for the next deals, thanks again!
Do you only buy turnkey properties or do some require rehab. I have a great program for rehab loans. Additionally, hands off fix n flip opportunities here locally in the suburbs of Chicago(A&B neighborhoods)
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