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Updated about 3 years ago,
Investor friendly mortgage brokers south FL?
Hello all! Thank you in advance for your help!
Do we have here or can anyone recommend a good mortgage broker for the south Florida area?
a little about my situation:
I'm located in Miami, looking to buy my first duplex in the south Florida area at around the $400k price point.
Since I'm only 23 years old and I'm not yet "lendable" in order to get a mortgage on my name. (Debt/income ratio and job history are my main issues, credit is great).
The plan is to purchase the property by partnering with my father who owns a couple of properties in south Florida under an LLC, then purchase the duplex under the LLC as well.
The question is, if my father and I are shareholders in the LLC, would we be able to get a mortgage with reasonable rates? (My father does not work/live in America and his credit is average).
Appreciate your help!