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Updated over 8 years ago, 05/14/2016

User Stats

55
Posts
10
Votes
Mark Kao
  • Restaurants
  • Bellevue, Wa
10
Votes |
55
Posts

Opinion

Mark Kao
  • Restaurants
  • Bellevue, Wa
Posted

Currently I have my primary residence valued at about 670k with 390k mtg and two completely paid off rentals. Earlier this month I found my next rental home. I have an income around 120k with no other debts. I've gotten nothing but hassle and hoops to jump through on a 300k deal with 25% down. Does this sound reasonable from a large bank?

User Stats

2,283
Posts
1,101
Votes
Charlie Fitzgerald
Pro Member
  • Lender
  • Las Vegas, NV
1,101
Votes |
2,283
Posts
Charlie Fitzgerald
Pro Member
  • Lender
  • Las Vegas, NV
Replied

Yes.  For conventional financing, it does.

  • Charlie Fitzgerald
  • User Stats

    2,067
    Posts
    900
    Votes
    Percy N.
    • Developer
    • Philadelphia, PA
    900
    Votes |
    2,067
    Posts
    Percy N.
    • Developer
    • Philadelphia, PA
    Replied

    Mark Kao try a portfolio lender, especially one who can also offer a commercial LOC across multiple properties and allows you to roll them into long term financing when you want.

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