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Updated about 5 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Briana W.
  • Scottsdale, AZ
2
Votes |
8
Posts

Need Lender in Phoenix: one tenant already in place

Briana W.
  • Scottsdale, AZ
Posted

The investment property I'm interested in is roughly $500K. Tenant in place downstairs for $1350. Imagine renting top floor for $2000 so covering the mortgage would be no problem. BUT I don't have cash for 25% down. Who in Phoenix area would give me a mortgage with 5-10% down, proof of tenant's rent and my income as worthy qualifiers???

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