Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
First-Time Home Buyer
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

6
Posts
6
Votes

Denied a load on a multi family home

Victor Callender
Posted

Three weeks left on closing on a multi family property in the Bronx and we were denied funding due to the fact that we priced our one bedrooms to high $1800 claim the for the Sq footage of 666 it should be priced at $1500. Even after providing comp in the neighborhood of similar units we were still denied. 

Most Popular Reply

User Stats

126
Posts
105
Votes
Andrew Jennings Freerks
  • Developer
  • New York
105
Votes |
126
Posts
Andrew Jennings Freerks
  • Developer
  • New York
Replied

 What part of the Bronx. I live and have worked here for 9+ years and $1800 is very reasonable for a bedroom in most neighborhoods. Lmk if you need connection with a lender that understands the Bronx. 

Loading replies...