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Updated almost 8 years ago,
Looking for lenders - Small 5-10 units.
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.