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Updated over 6 years ago,

User Stats

18
Posts
7
Votes
Mark DeLorenzo
  • Investor
  • Bangor PA
7
Votes |
18
Posts

Buying a property with 2 SFH on 1 deed with conventional finance?

Mark DeLorenzo
  • Investor
  • Bangor PA
Posted

I'm looking at a local property here in PA that has 2 SFH's on 1 deed, unfortunately its over my cash purchase budget but it is one of the better deals I have seen in the last few months of looking around and could cashflow in the $600-700 range a month with both homes rented at a conservative amount of $1200 each. I talked to one broker and 1 bank so far and they both feel there is going to be a problem finding comps to give me the financing for it. Does anyone have experience with this that did not use cash for a purchase like this but still used some sort of conventional financing?

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