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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Brooklyn, NY
1
Votes |
8
Posts

In process of purchasing a triplex

Account Closed
  • Real Estate Investor
  • Brooklyn, NY
Posted

Hey guys, so I have a triplex under contract this will be my first investment property. I have a broker who claims he was on the phone for 2 weeks trying to find a lender who would fund the deal. He claims that no one will work the loan due to the fact that I don’t own a primary residence...I’m highly disappointed because I’ve listened to many podcasts, read books, and read a few forums on here! Did I miss something? I’m going in 25% down on this property and I have a good credit score.... I wish he knew this earlier before running my credit and wasting my time.

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