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Need a lender to finance investment property. Own 4 currently, would like to purchase another.

by m.garrett667 from Starksboro, Vermont. Sep 15th 2016 Reply


Steven Karp (stevek81)
#9 ranked lender in Rhode Island - 151 contributions

Hi M.Garrett.... any Bank can do this loan. The only catch is that for conventional lending you must show 2 months PITI reserves for your primary residence, and then 6 months PITI reserves for each investment property that you own. That is potentially a lot of money. If you can do that, you should not have any problem. otherwise, I would try your local bank first. Good Luck

Sep 15th 2016
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