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Author Topic: Financing Multi-unit Residential with No Credit  (Read 3927 times)

Offline MPetty

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Financing Multi-unit Residential with No Credit
« on: September 30, 2004, 01:45:33 pm »
Hey everyone,

From my research I have discovered that the value of a multi-unit property is defined by the income of the property itself.  For those of you experienced in multi-unit residential purchases, if you negotiate an offer with the seller and draw a plan that will increase the active income by 5% within two years (for example), how much more likely is it you can obtain a commercial loan with virtually no credit?

This is the situation I am in.  I am not too worried about down payments, because I have contacts and can find more that will be interested in financing my deals if I draw up a good management plan.

 




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