Updated about 15 years ago on . Most recent reply
Looking for lender for 4-pex
Hello everybody
I'm looking for a lender who can do loan without morgage insurance on 4-plex with max 20% down or even less down payment.
Scenario:
Good credit score
Bad taxes
Purchase price -$425k
Rents are very low. Property generates now about $2200/month, but can bring about $1200/unit
Now 3 units is occupide and one is vacant.
Buyer wants to live in that empty unit himself
Have max 20% down
Do you have a lender for that scenario?
Thank you
Most Popular Reply
Chris Clothier
#4 Ask About A Real Estate Company Contributor
Professional Services
Pro Member
- Rental Property Investor
- memphis, TN
- 3,468
- Votes |
- 2,223
- Posts
You can try Red Rocks bank out of Southern California. I'm not sure on their requirements for down payment, but i know they work very well with investors. Richard Kaye is the owner of the bank.
- Chris Clothier
- Podcast Guest on Show #224
REI Nation
66 Reviews
4.5 stars



