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Updated over 10 years ago,

User Stats

45
Posts
31
Votes
Jordy Clark
Pro Member
  • Investor
  • West Jordan, UT
31
Votes |
45
Posts

Need help W/ Jumbo loan on MULTI Family

Jordy Clark
Pro Member
  • Investor
  • West Jordan, UT
Posted

Hey guys and gals I have run into a decent multi family opportunity... to make a long story short, they are building new four plexes (its actually 4 townhomes with one tax id#) And i have the opportunity to purchase one($585,000) (146,250/door).

Rents will be $1250/unit $5K/mo. I will owner occupy one unit for a year or so.. i could get enough for 10% down. I only have one year tax returns being self employed... Anyone have any ideas or lenders that will do this sort of a loan? I hate to pass this good of an opportunity by because most multi's in my area are from at least 1950 and most are pretty run down. 

  • Jordy Clark
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