All Forum Posts by: Ankur Agarwal

@Robert Leonard Here's the fixed report View Report

Less vacancy should be an advantage in case of multi-family properties no?

Also, the property is in Bay Area - California so vacancies are generally lower.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Thanks @Thomas S., @Sean Lambert. Do you have a preferred mortgage broker you could recommend? Thanks so much.

And no, seller financing is not an option.

I'm also being told that the rate given to me is on the higher side because

1) it's a multi family investment property

2) It's a smaller loan

@J Torres, was your loan along the same lines? If yes, do you mind recommending your lender please?

My offer just got accepted for a Duplex in Atlanta with a cap-rate of 8.5. I'm still relative new to REI and I'm not aware of the best options out there for financing a multi-family.

The property price is around $150k and I'm going for a 25% downpayment. So far I've spoken to only one lender and the best they offered was 6.25% for 30 year fixed without points. This seems quite high to me given that my credit score is 750+. Is this a fair rate? What are my options here. Please help! Thank you.