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Updated almost 3 years ago on . Most recent reply
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Rookie looking for help finding a loan
I've located a 4-plex (150k 700/month per unit) that's long distance and I'm trying to find some help getting it financed. My wife and I have zero debt, 100k cash but no job at the moment as we sold our house and moved to a new state to help my MIL. We do not intend to owner occupy the property. Credit scores are 748 for me and 800 for my wife. I feel like we are just caught between a rock and a hard place simply because we are not currently employed. This morning I've reached out to about a dozen different lenders and I've yet to find one that can help or is interested in giving a little guidance. Please can someone help me locate a loan product that will help us fund this deal?
Most Popular Reply
Yes, you can get a loan based on your assets even if you are not employed. DM if you have any questions. Thanks.