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Updated about 4 years ago on . Most recent reply

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Melissa Parker
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What is too much to find from a lender for first time investment?

Melissa Parker
Posted

There is 4 multi family homes rental property package purchase deal. I have some experience with fix and flip as my sister has her own LLC but nothing with securing lenders. The current gross income in the properties are good. It's one 4 unit home and three 2 unit homes and the asking price is around $1mil. Could this be realistic for a first timer? Any advice on how to secure that range of a loan would be great.

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