Financing for 2 unit building Investment Property

You will get better pricing on a two unit with 30% down. Also, as an investment property you may be better served to find a two unit with a "garden" apartment to increase the monthly cash flow (a third basement unit). Without a history of being a landlord over the last two years the income from the property cannot be used to qualify. If I can be of assistance please check out my web site www.rglovermortgage.com or view my info on Lender 411

Your experience level will come into play when underwriters look at the overall picture but that should not discount the rent roll if you have it established. Having solid assets, strong credit and a solid down payment will help you overcome your lack of experience. Best thing to do is get the ball rolling with someone! I am here to help!

Hi Javier. You definitely will have some roadblocks purchasing a 2-unit with residential financing. You might want to consider buying a 2-unit with a business loan instead. This way the financing will really be based on the subject property cash flow and debt coverage ratio. I'm located in Northwest Indiana and would be happy to help you if you chose to pursue that route. You will even be able to keep more of your hard earned cash in your pocket. If you care to chat, contact me via email (james@jamesbarath.com) or call my office number (219-662-0166 x21) and leave me a message.

hi there: Projected rents in my experience with no mgmt landlord history, most u/writers will not allow that to qualify. Your 25% to 30% down payment is a plus right there. I am not sure what your fico score is but with my lenders nationwide, we can try to possibly go for 20% down depending on your overall picture. Any questions, let me know. Mike (703) 505 5300

I can do it with 35% down. Email me james.securefinancial at gmail . com I can do it stated income - I need your fico