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Updated over 7 years ago,

User Stats

4
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0
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Paul Sabatino
  • West Newfield, ME
0
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4
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need loan advice for first rental?

Paul Sabatino
  • West Newfield, ME
Posted

im looking to buy some rental properties and would like to finance the properties.  we are currently selling our home and should have well over 200k for cash on hand so down payment is no problem and credit score is around 740. we dont have a lot in personal income and i am wondering if that will be a problem? do commercial loans look at just the future income from the property to base its decision? what option do we have when it comes to financing? what is the likely hood of getting approved without using personal income? any advice or tips will help

thanks 

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