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All Forum Posts by: Nick Cannon

Nick Cannon has started 4 posts and replied 13 times.

Multi-Family and Apartment Investing

Post: 4-Unit Bank Financing Question

Nick CannonPosted
  • Financial Advisor
  • Canfield, OH
  • Posts 15
  • Votes 0

Hi Daria,

Thank you for the quick response.  I guess I need to dig in to see if that's a hard and fast rule.

Thanks again,

Nick

0 Votes
Multi-Family and Apartment Investing

Post: 4-Unit Bank Financing Question

Nick CannonPosted
  • Financial Advisor
  • Canfield, OH
  • Posts 15
  • Votes 0

Hi Bigger Pockets Family,

I've been on here for months and am starting to get analysis paralysis!  I'm close to offering on my first buy and hold property (4-unit).  I'm also a new real estate agent so I contacted my local lender.  They told me that a 4-unit requires 25% down.  My question is whether that's a firm requirement?  Secondly, if it's not does anyone else have any other suggestions?  I have the money for 20% and the necessary repairs for the building I have my eye on.

Thanks in advance!

Nick

0 Votes
Classifieds

Post: Are you looking for an agent to market your rehabbed property?

Nick CannonPosted
  • Financial Advisor
  • Canfield, OH
  • Posts 15
  • Votes 0

If you're looking for an investor-friendly real estate agent to market you rehabbed property in the Youngstown, OH market please reach out to me.  

[email protected]

330-614-7414

www.NickCannonHomes.com

0 Votes