Fortunately, lenders are beginning to find new loan products to entice those hesitant buyers off the fence; 12 month bank statements for income, no income verification for non owner properties, relaxed credit standards. 

A handyman/husband is a HUGE, HUGE help.My husband does the books including bookkeeping and accounting, bill paying and obtaining bank financing and he also occaisionally trouble shoots maintenance problems and suggests fixes if our handyman needs a hand and he uses his mad carpentry skills for renovating appartments. 

And the bank is charging me $670.00 AGAIN.

Obviously VERY important, because you don’t want a bank coming back to you in a few years and telling you that the account is past due and they are going to foreclose on the house because the loan hasn’t been paid.

They're only asking 117k but so far the banks I have called won't finance me because its 2 separate buildings.

The bank will let your monthly debt service be up to 45% of your monthly income. 

Hi,My name is Brian Carolan and I am looking for recommendations on which banks to use in Rochester NY to finance the purchase of a 2-4 family rental property. 

Or should it come to us so we have a tax record of it being inside our bank account?

I want to do an 80-10-10 loan, or piggyback loan. 80% from a small bank, 10% business line of credit from a larger bank, and 10% downpayment from me.

With a home equity loan you can borrow against that difference, some banks allow up to total of 100% of homes value but typically best rates are 80% and below.