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Updated over 5 years ago,
First multi family property- need financing
Hi! My name is Kyla Floyd and I’m a young Realtor in Columbia, SC. I found the perfect first investment property and need help financing it. The problem I am facing is, I’ve only had commission based income for 1 year instead of the 2 years required for any banks to lend. Any suggestions? I don’t have the “ask a family member” option.
Info about the property:
Asking price is $225,000
Location: one of the top neighborhoods and will hold its value forever. Close to downtown and USC college campus.
Currently being rented and has a full year lease signed for 2020 at $2325.
Thanks in advance!!