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Updated about 6 years ago,

Anthony Grandinetti's profile image
Anthony Grandinetti's profile image
Anthony Grandinetti
  • Rental Property Investor
  • from Fort Myers, FL
  • Member since Oct 27, 2018
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User Stats

14
Posts
1
Votes
Anthony Grandinetti's profile image
Anthony Grandinetti's profile image
Anthony Grandinetti
  • Rental Property Investor
  • from Fort Myers, FL
  • Member since Oct 27, 2018
Connect
Anthony Grandinetti
  • Rental Property Investor
  • Fort Myers, FL
1
Votes |
14
Posts
Starting Out

My first investment loan quote

Anthony Grandinetti
  • Rental Property Investor
  • Fort Myers, FL
Posted
So I found a deal I really like. A quadplex asking 270k with about $4500 monthly rental income. I contacted a lender I met at my local real estate investor association meeting to get a quote on financing. He preapproved me with an 8.25% interest rate and 20% down. This is my first deal so I don’t know the standard but this rate seems high to me. Please give me some advice!
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