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Updated 8 months ago,
Solid Deal I Can’t Get / Help!
Hello,
Basically I found a great deal but I am unable to take advantage of it in any way. Not sure if I should sit back or search for private lending but this is all a first for me. Not sure what to do!
Here’s a quick break down.
I can't get approved for a loan because my DTI is about 5% too high with the property. Secondly the I wanted to obtain the property with no or little money down in other words FHA but I don't live in the area nor do I work remote.
Property: Single Family w/ Adu
- Both spaces rented - Way below median rental
- home is listed about 70k lower than appraised
How does one acquire a property they know is a great investment when they can’t?