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Updated almost 5 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Christopher B Shires
  • New to Real Estate
  • Denver CO & Los Angeles
3
Votes |
9
Posts

(4Plex) Multi-unit Financing Guidance (Please Help)

Christopher B Shires
  • New to Real Estate
  • Denver CO & Los Angeles
Posted

This is my first investment property, I have a opportunity to purchase a 4plex with a partner. I'm securing the loan and he is helping with the down payment. The property is 675K and after analyzing the deal, it cash-flows. I originally qualified for 680k with my lender two months ago, they are now saying because of the pandemic, they are only comfortable lending me 480K. 

My questions- Is there other ways I could get this deal done? 

Should I try and get another partner to come in me? 

Should I try another lender? 

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