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Updated almost 8 years ago on . Most recent reply

Daniel Levine's profile image
Daniel Levine's profile image
Daniel Levine
  • Investor
  • from Conifer, Colorado
  • Member since Jul 27, 2013
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User Stats

69
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11
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Daniel Levine's profile image
Daniel Levine's profile image
Daniel Levine
  • Investor
  • from Conifer, Colorado
  • Member since Jul 27, 2013
Connect
Daniel Levine
  • Investor
  • Conifer, CO
11
Votes |
69
Posts
Private Lending & Conventional Mortgage Advice

Help with Cash out on a Tri-Plex in New York

Daniel Levine
  • Investor
  • Conifer, CO
Posted

i have a triplex that is owned free and clear but I am struggling to get a cash out on it. It recently appraised for 175,000. I am looking to get 125,000 out of it. I was turned down by Wells Fargo and by Quicken loans. At least the guy with Quicken loans told me that due to the fact New York has a lot fees and it being a rental income property they could not make the numbers work.  I even called a local credit union and they blew me off. Please help so I can continue on my investments. Thanks. 

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