I have a couple of properties that I have accepted offer for in upstate NY region…( I wont say where on the open forum,so don’t ask)…I’m looking to do business with a savvy lender who understands a RE investors goals…The loans will be stated income,my credit is 780-800 and proveable liquid assets are not an issue…I would prefer a lender somewhat nearby…All loans will be under 100k and some under 30k…
The lender I spoke with said that technically this is considered a fourplex not a duplex. Are their comps available in the area for a fourplex? Please advise.
rookie, have you had any success? JohnnyQ is correct with the statement that you will probably have better success and servicing by dealing with a local lender.