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Updated about 2 years ago on . Most recent reply

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Cheryl Walker
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Is it possible to get private funding of $1.3M as a new investor with poor credit?

Cheryl Walker
Posted

I am looking to buy a 5-unit property that is fully furnished and doesn't need repairs. The units are currently all AirBNB rentals. I want to live in one and use the income from the other units to pay the note. As of now the property is grossing about $205k/year. The asking price is about $1.3M. Where should I look to finance this type of purchase?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

U can over come poor credit with large to larger down payment but rates are going to be much higher.

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JLH Capital Partners

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