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Updated over 4 years ago,

User Stats

11
Posts
4
Votes
Tim James R.
  • Investor
  • Manchester, CT
4
Votes |
11
Posts

Anyone having financing trouble right now?

Tim James R.
  • Investor
  • Manchester, CT
Posted

Hey everyone,

Looking for some advice. My girlfriend and I are currently looking to purchase a 3 to 4 unit under $300k and am wondering what kind of road blocks we’ll be heading into finance-wise.

Our situation currently is, we are house hacking a condo. Besides the very little i do personally pay for the condo, the only other items I have under my credit are my car and about $18k in credit card debt. We have $20k for a down payment and want to have $10k in reserves before we pull the trigger. I have a 740 credit score and between the two of us, we make about $150k per year.

Does anyone think we’ll run into issues with financing seeing how I already own a condo?? Or any other issues anyone can think of?

Any advice would be greatly appreciated!

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