I qualify for the loans, The fixer uppers will not.....

[Stephen Ribero]

I'm trying to buy fixer upper multifamilies (1-4 units) that have room for equity growth and cashflow.

Trying to use conventional financing. (not hardline).

I have enough Money to do 20% down + renovation costs.

Lenders keep telling me,  "the banks don't like the condition of the property"

What can I do to get financing? My finances (DTI) are not the problem, I have the money for downpayment and renovations......

[Billy Daniel]

We've done a couple of houses that no bank would touch....unless we got a commercial loan.  Still takes 20% down, they still finance the repairs, and the terms are pretty competitive.  The key is to use a local lender that you can meet at an office and discuss the plan.  In the last year, we bought two houses that were uninhabitable with this type of financing.