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Updated almost 8 years ago,
Need loan advice on a 5 unit plus single family home
Hey I currently have 2 rental properties(2 families) in NJ. I am currently looking at a 5 unit plus a single family home(2 lots next to each other). Both need work, most likely around 10K per unit plus new roof on 5 unit. the 5 units have brand new furnaces and water heaters. I have credit score around 830. I have 40K to use. What are my options for loans? I have looked at 203K(but this will be non owner occupied so cant use that) I have also looked at fannie mae homestyle. Does anyone know any other options and what are my best options? I'm new to this style of loans. I have started doing research already and will continue to. But if you can point me in the right direction it would be appreciated. Thank you