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Updated almost 6 years ago,

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2
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0
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Walt Mossberg
  • Venice, FL
0
Votes |
2
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Will the bank lend me money for an investment property?

Walt Mossberg
  • Venice, FL
Posted

Hi. 

Noob warning. 

I am looking into a possible investment in Florida. An 8 unit multi-family. 

Since this would be my first ever dip into this world, I was wondering about my ability to get a loan. 

I admit to say - I am a complete newbie when it comes to banking. 

So my question is - how do I get a loan? 

I would like to put down about 20 percent of the asset price, and get the rest - if possible - from a lender. 

1. Is this even possible? 

2. Will a lender/bank even consider me? 

I have great credit score, but no real assets aside from my personal savings account. 

Thanks

And please - be kind, I am new to this :) 

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