All Forum Posts by: Melissa Parker
Melissa Parker has started 1 posts and replied 2 times.
Post: What is too much to find from a lender for first time investment?
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I’m not sure if it’s okay to post this as this is my first post. I’m about 90 miles from NYC and this is centralized location.
Note from the seller - current gross is 136,800 June will be 137,700 with predicted 150,000 next year.
This was thrown at me as I was looking for just a single multi family Home in the area, so I wanted to know if exploring these options were reasonable as a first time rental buy.
Post: What is too much to find from a lender for first time investment?
- Posts 2
- Votes 0
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.