Updated almost 4 years ago on . Most recent reply
Pre Approval for multi family
Hi, I'm looking to purchase my first multi family unit and renting out my current home? What are some things that are different from a regular approval process? Will I need to show a rental agreement for my first home that's not yet rented? Do I need to take landlord classes? How much reserve do I need in the bank? etc. Any details on anything different a lender might be looking for would extremely help. Thanks!
Most Popular Reply
Hey @Corey Dussault
Every lender will ask for something a little different. The key is to find a good broker and have them walk you through the multi family financing process.