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Updated about 4 years ago on . Most recent reply
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Price of property to LOW
I'm having trouble getting loans because the price of the property's are to low.
Currently I'm looking at a 4plex for 170,000. I have 25% to put down.
I have a 775 FICO, my salary is in excess of 100k, and I have a liquid 80k in the bank. and roughly 100k equity in my home and another investment property (private lender).
I had this same issue a few years ago on a 130k triplex. I had to take a private lender and it has been successful.