Financing Help Needed

[Jamie O'Connell]

Hello!

I am currently close to going under contract on a 3 bed 1 bath in each unit Duplex. 

The purchase price will be under $100k and rent per unit will be about $1350 Est. 

I am not w2 so its making it hard to find funding, specially with all of NYs strict lending laws.

Might anyone have ideas or contacts on who I could reach out to?

Thank you! 

[Jamie O'Connell]

Quote from @Tony Guarino:

WHAT MARKET IS THIS? HOLY SMOKES 

A purchase price of $100k and $2,700 in gross rent? I will sell the house, kids, and car to move there and invest! Hahaha. 

Ditto on what everyone else is saying in regards to finding financing. Local banks you have relationships with. Have a professional spreadsheet you can send them for bonus points. 

Right. Low income area with a very high cost of living and section 8. Section 8 is the reason the rent is much higher than I could get normal for it. By about 400 a unit.