Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Road block obtaining financing for SFH
Hi All,
I am trying to figure out my options to purchase and finance my 1st SFH/ Rental Property. My hiccup seems to be my property in Georgia that is being rented out that has had a few "late" payments. Other than that, my credit is above 700, my current home has had no late payments, I would have the 20% down payment and I have a tenant for the property I'm trying to purchase. Is this going to be what stops me from getting started in real estate? Are there any potential lenders that anyone is familiar with that would look past the late payments on that said property? Really need to find a lender, ASAP.