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Updated over 7 years ago,

User Stats

70
Posts
22
Votes
Eric Calabrese
  • Flushing, NY
22
Votes |
70
Posts

running into loan issues

Eric Calabrese
  • Flushing, NY
Posted

hey fellow pocketers,

So I'm finaly prepared to purchase my first investment rental property (out of state) i found a state i like and am familiar with see a few 2 families that i like.

Long story less long i go to chase to try to figure out my ball park range and they told me a lot less than i anticipated. Because they want 25% down and 6 months in reserves. Now I'm kind of in a hump should i adjust and pick a different state one that i can afford? Or would a local bank in that state possibly loan more? Just looking for options.

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