We are trying to buy our first investment (me and my husband) - a multifamily and apparently we do not qualify for a traditional loan. :( any suggestions?

I do not have 15-20% for a downpayment to traditionally buy another unit.

Unless your near a town stay away from traditional storage. 

Traditional bank loan? 

The property has been listed for 70 days and I called my buyers agent to submit a traditional offer.

As the heart of LA gets increasingly expensive, more professionals are moving further south toward the 10.As to your question: yeah, for any traditional loan, your income is going to limit your borrowing power.

However, if the appraiser was referring to the style of house, such as tutor versus mid-century modern versus Cape Cod versus traditional, etc, then yes, that has some merit.

Christian

The first was a SFH home that I wanted to buy but didn't have enough Cash to get traditional financing.

LOLIf you are interested in deals from a wholesaler, Christian Colburn from Capital Real Estate Pros (http://www.buycheaporlandohomes.com/) has good deals ona regular basis.