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Updated almost 3 years ago on . Most recent reply

User Stats

19
Posts
10
Votes
Andrew Wilkins
  • Rental Property Investor
  • Phoenix
10
Votes |
19
Posts

Rookie looking for help finding a loan

Andrew Wilkins
  • Rental Property Investor
  • Phoenix
Posted

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?

  • Andrew Wilkins
  • Most Popular Reply

    User Stats

    43
    Posts
    44
    Votes
    Jay S.
    • Lender
    • San Francisco Bay Area
    44
    Votes |
    43
    Posts
    Jay S.
    • Lender
    • San Francisco Bay Area
    Replied

    Yes, you can get a loan based on your assets even if you are not employed. DM if you have any questions. Thanks. 

  • Jay S.
  • [email protected]
  • 408-832-8200
  • Loading replies...