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Updated almost 11 years ago on . Most recent reply

Mike Wallace's profile image
Mike Wallace's profile image
Mike Wallace
  • from Metro Detroit, Michigan
  • Member since May 9, 2012
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120
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Mike Wallace's profile image
Mike Wallace's profile image
Mike Wallace
  • from Metro Detroit, Michigan
  • Member since May 9, 2012
Connect
Mike Wallace
  • Metro Detroit, MI
15
Votes |
120
Posts
Private Lending & Conventional Mortgage Advice

I have assets and cash...but little income. Ideas?

Mike Wallace
  • Metro Detroit, MI
Posted

I own 3 condos outright worth about $35k each.

I have about $60k in equity in a 4plex.

The house I live in is worth $350k and I owe $230k.

700+ credit score. Ready to put down 25-35% on more multifamily property, but am having difficulty going the conventional route due to my low income of about $15k.

I own various businesses/rentals and take a ton of write offs. 

options?

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