Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

11
Posts
1
Votes
Elle Bindra
  • Investor
  • New York, NY
1
Votes |
11
Posts

Taking out a Mortgage on 4-unit Rental property

Elle Bindra
  • Investor
  • New York, NY
Posted

Hello, 

I'm a newbie investor and have recently acquired a 4-unit multi-family property in Syracuse, NY. We paid cash for the property and are looking to take out a mortgage on it. The property is titled in an LLC that my husband and I own.

We were initially told that the property would be eligible for a residential mortgage and didnt need to be held in an individual's name. Since acquiring it, however, we arent able to get the bank to move on this - hence reaching out to the BP community looking for guidance and some local bank contacts that folks have worked with in the past. 

Thank you for your input and time in advance. 

Elle

Loading replies...