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Updated almost 7 years ago,
Tenant lease before bank loan?
I recently went to the bank and asked about investment loans. Navy federal credit union to be exact. It would be my first property to business plan, 25% down, 6 month A in reserve yada yada. But they want a tenant lease.... how in Gods name am i going to do that? It wouldn't be a section 8 property btw. First post here so I figure some somebody here would know know whats up! Thank you!