Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

20
Posts
2
Votes
Bobby Balow
  • DC
2
Votes |
20
Posts

Seeking advice! Financing issues with 2 SFH

Bobby Balow
  • DC
Posted

Ran into an issue with financing. We got an offer accepted for 132K for two SFHs we plan to rent. Our lender won't do one blanket loan and with the required 20% down payment, it drops the value of each loan too low and they won't work with us. Our lender said other Banks in the area probably won't help us either. Hoping to solve this problem quickly with the help of BP! 

The goal is cash flow, so longer terms are better for us. Also if it helps, the asking prices were $70 and $80K before we got it down to $132k. 

Thanks in advance! 🤞🤞🤞

Loading replies...