Best loan options for 5 unit multifamily property
Needing advice: What loan options are best for a small-time landlord purchasing a 5 plex.
Im using existing equity and cash to fund my investment.
I own several SFH, all successful, Ive been a landlord for 10+ years.
This deal is priced at 300k.
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Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
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You may want to try a local bank. There are DSCR lenders that can do the lower price point, however the rate and fees won't be the best.
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