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Updated over 4 years ago,
Anyone having financing trouble right now?
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!