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Updated over 7 years ago, 05/19/2017
Lending Options for first time investor
Looking to really start analyzing deals in southern California and out of state.
Wondering if there are any referrals for good lenders who can give me an idea of the options out there?
I'm looking at a pretty good triplex in Long Beach where I could live in the smallest unit and airbnb when I'm out of town. and then either long term lease or short term lease the other units to max income.
The triplex if priced at 949k on the MLS and I estimate income to be close to 6k for all three units. It's in an area that is very attractive for short term rentals (I know this because I sub-lease my apartment in the same area on airbnb and get a ton of inquiries and requests)
It's probably not a killer deal, but I would like to analyze it further and get more info on how I could finance the deal.
Anyone have suggestions?
I would potentially have 100k for down payment but would like to put as little down as possible.. Ideally closer to 40k-50k