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Updated over 4 years ago on . Most recent reply

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Dustin Smith
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Price of property to LOW

Dustin Smith
Posted

I'm having trouble getting loans because the price of the property's are to low.

Currently I'm looking at a 4plex for 170,000.  I have 25% to put down.

I have a 775 FICO, my salary is in excess of 100k, and I have a liquid 80k in the bank.  and roughly 100k equity in my home and another investment property (private lender).


I had this same issue a few years ago on a 130k triplex.  I had to take a private lender and it has been successful. 

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