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Updated about 8 years ago on . Most recent reply

User Stats

23
Posts
7
Votes
Nick Rose
  • Investor
  • Ann Arbor, MI
7
Votes |
23
Posts

Looking for lenders - Small 5-10 units.

Nick Rose
  • Investor
  • Ann Arbor, MI
Posted

I currently have a 4 unit and a SFH, however I'm looking for lenders that would consider multi unit homes that are in the 5-10 unit size range. Typically, these are small deals (75K-120K) with rental history. I can find a couple properties that work well on paper, however this size loan has appealed to the lenders I have contacted. I'd like to offer cash when I find a property, do some repairs, then refinance. However I want to make sure to have a lender lined up so I can get most of my cash out for the next buy. Properties located in Michigan.

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