All Forum Posts by: Jeremy Holleb

Hell everyone, unfortunately my job became a casualty of Covid-19. Leading up to the crash, I was ready to approach lenders to work on financing a Multi family deal. I have $230,000 sitting in my account but since I was Laid off, will this prevent me from acquiring financing for a deal?

@Stephanie Medellin to answer your question, I have excellent credit, this would be solely an investment property, it has great cash flow with long term tenants, and I have more than enough for a down payment. My only issue being the fact that I’m out of a job for the first time in my life but it should be temporary considering I’m already being recruited by a few companies. I just don’t want to let a good deal fall through because I’m temporarily out of work.

@Derek Harris I appreciate that. So even though I have $230,000 in available cash, you’re saying they would still be unlikely to approve any loan? Even if the property is cash flowing?

Hello everyone. I’m in a bit of a weird situation and wanted to ask for advice. So I recently got laid off from a startup company. The timing was very inconvenient because I was ready to start approaching lenders for financing on a multi family apartment building. I have $230,000 of my own money ready to go but I’m between jobs. Will this impact my ability to get financing? Looking for a friend! Thank you!