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Updated over 3 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Nick Acquilano
  • Rental Property Investor
  • Ithaca, NY
2
Votes |
4
Posts

Finding financing problem

Nick Acquilano
  • Rental Property Investor
  • Ithaca, NY
Posted

Like to reach out and get some opinions. I have two multi family cash flowing rentals in Syracuse NY. I have always had trouble getting financed due to my job. I bartend and don’t show much income. I do however make good money. It’s crazy to me that I’d have to go back to a 40 hour a week job and make LESS money just to show I make “more” on paper. Anyone run into this problem? Any tips or ideas? Thanks in advance!

Most Popular Reply

User Stats

2,893
Posts
2,330
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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,330
Votes |
2,893
Posts
Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Replied

Debt service ratio loan if you have good credit can help. Rates are not the same as conventional but it's a great tool.

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