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Updated almost 5 years ago on . Most recent reply

Sierra Swords's profile image
Sierra Swords's profile image
Sierra Swords
  • Investor
  • from Western Massachusetts
  • Member since Oct 15, 2019
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11
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2
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Sierra Swords's profile image
Sierra Swords's profile image
Sierra Swords
  • Investor
  • from Western Massachusetts
  • Member since Oct 15, 2019
Connect
Sierra Swords
  • Investor
  • Western Massachusetts
2
Votes |
11
Posts
Multi-Family and Apartment Investing

How to get pre-approved for a multi-family- need rental income

Sierra Swords
  • Investor
  • Western Massachusetts
Posted

Hello! 

I bought my first property in February and am hungry for another. I am looking to owner occupy, put 3.5% down on a two-unit, but in order to be approved I know I will need the rental income (75% of estimated) to offset the mortgage. How then, can I be 'pre-approved' to even go see a property when the rental income isn't estimated 'officially' until the appraisal is done? 

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