Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
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

Updated 11 days ago, 12/07/2024

User Stats

1
Posts
1
Votes
Corey Sands
1
Votes |
1
Posts

5 Unit Rental Funding Issue

Corey Sands
Posted

I am attempting to purchase a triplex and a duplex on a single 2.5 acre parcel. The purchase price is about 475k. I have the 25% to put down but I cannot find a lender. It seems that having 5 units sends all the lenders into a frenzy as they prefer to loan on 4. Are there any lenders that anyone is aware of that would feel comfortable lending about 325k for a 5 unit property? I've tried conventional and DSCR (I have no landlord experience yet, so that disqualified me from 1 lender). Any help will be appreciated.

PS - If the terms are terrible because I'm a new landlord, I wont be interested. I would prefer to invest in other properties. 

Loading replies...