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Updated over 16 years ago on . Most recent reply

User Stats

141
Posts
25
Votes
Jeff Weissman
  • Involved In Real Estate
  • Oakland, CA
25
Votes |
141
Posts

764 FICO borrower w/ high LTV needs financing

Jeff Weissman
  • Involved In Real Estate
  • Oakland, CA
Posted

I am looking for financing to purchase a 2+1.5 townhome; 1178 sq. ft., 1984 construction available for me to purchase @ $84,000; estimated necessary repairs = $4k. Estimated fair market rent = $1200/mo. Alternative strategy = Lease-to-Own tenant @ $1500 w/ an option at $185k in 24 mos. I have 20 comps, all sold since January, all within 5 mi. that average $196,943.
I've been with same employer for 12 years, home owner of same ppty for 27 yrs., seasoned investor w/ 13 income pptys in 3 states. Can provide full doc. Looking for max. LTV loan product (non-owner occupied), no PPP, max. 30-day close.
Can anyone help?

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