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Updated almost 6 years ago on . Most recent reply

Gerald Pitts's profile image
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Gerald Pitts
  • Rental Property Investor
  • from Asheville NC
  • Member since Jul 15, 2016
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Gerald Pitts's profile image
Gerald Pitts's profile image
Gerald Pitts
  • Rental Property Investor
  • from Asheville NC
  • Member since Jul 15, 2016
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Gerald Pitts
  • Rental Property Investor
  • Asheville NC
317
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466
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South Carolina Real Estate Q&A Discussion Forum

Loaning on a property with more than one dwelling

Gerald Pitts
  • Rental Property Investor
  • Asheville NC
Posted

Any tips on finding a lender that can loan on on a property with more than one dwelling?  This is a deal in Duncan, SC.  

Thanks!

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Chris C.'s profile image
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Chris C.
  • Wholesaler
  • from Easley, South Carolina
  • Member since May 8, 2010
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Chris C.'s profile image
Chris C.'s profile image
Chris C.
  • Wholesaler
  • from Easley, South Carolina
  • Member since May 8, 2010
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Chris C.
  • Wholesaler
  • Easley, SC
249
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340
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Chris C.
  • Wholesaler
  • Easley, SC
Replied

Once I decided to go the sub divide route it wasnt difficult at all.  I spoke with county planning ahead of time, got it surveyed, county approved the plat, and had it recorded.  After that as far as the banks are concerned it is 4 separate properties.

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