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Updated about 6 years ago on . Most recent reply

User Stats

42
Posts
9
Votes
Jon Segura
  • Rental Property Investor
  • Philadelphia, PA
9
Votes |
42
Posts

First time investment property

Jon Segura
  • Rental Property Investor
  • Philadelphia, PA
Posted
Hi guys This will be my first investment property Asking price was 239k after a few offers we manage to bring it down to 200ks Property taxes 6400 a year 1 unit 1350 2 unit 1285 Property is in very good condition Now my problem is getting approved. I have my 20ks seasoned another 32ks not seasoned total at closing should be around more or less 53ks for down payment plus another 6 months But am having difficulties getting approved by the banks is there anything you guys suggest? I do have great credit and everything else its just becoming vert frustrating :( Help please

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