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Updated over 13 years ago,
Financing 10 unit Apartment
Well now that we have this new forum I figured I would ask this here!
I have been looking around at larger multi families the last few months. What requirements do lenders have for these properties? Will they consider income generated from the property when looking at the loan?
I have 13 houses and am considering selling off some and reinvesting in something larger. Problem is my income is not constant and I only make about 35k from work outside of RE.
The properties I am looking at are fully rented and pretty much turn key and in the range of 175-200k.
Hopefully some people on here that are knowing can provide some insight on what will be required for me to get a loan.
Thanks!