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Updated almost 5 years ago on . Most recent reply

User Stats

4
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0
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Tyler Blessing
  • New to Real Estate
  • Saint Cloud, MN
0
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4
Posts

Financing for a 4 Plex with slightly below average credit?

Tyler Blessing
  • New to Real Estate
  • Saint Cloud, MN
Posted

As you've read in the title, I do not have the greatest credit or a ton of money currently. I am new to real estate but I think I've found a decent deal nearby, it is a 4 plex with all units currently rented (total rent about $2400/mo) they are asking $240k but I am confident I can talk them down to $225k or so, what would be the best options or advice you have on getting it financed in my current situation?

Thank you!

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