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Updated over 6 years ago,

User Stats

89
Posts
54
Votes
Jean Joseph
  • Rental Property Investor
  • Queens, NY
54
Votes |
89
Posts

Starting out--Mortgage Pre-aproved

Jean Joseph
  • Rental Property Investor
  • Queens, NY
Posted
Hi all, I'am looking to start my portfolio with multifamily properties. Good news i got preaproved few days ago. Conventional loan 25% down for an investment property since it would be my first purchase. 10% is my down is my goal. If i acquired a small loan for a condo and then 6 months later get a large loan for a 2-4 doors will that quality me for a 10% down since it would not be my second purchase? Sidenote, l have a good amount saved and credit score over 830 Thanks!!

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