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SF multiplex purchase-

I need some help with minimum qualifications to buy a $1.6mm SF multiplex that is barely cash flow positive.
Good FICO and job, as well as $1.2mm in equity available from other properties but with 2 other properties, DTI is a problem for me.  Are there any "light doc" loans available- obviously I would like to put as little down as possible.  thanks!
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April 09 - San Francisco
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Answers (5)

Hi there,

The only way to get really good information on this is to contact a mortgage broker, and give them all of the details of the property and your financial situation for them to work out the possibilities.  If you need a recommendation, let me know!

Good luck!
-Ryan
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June 14
[Promotion removed by Zillow moderator. Please see our  Good Neighbor Policy for posting guidelines.]
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April 29
How many units is this property? You need to contact a Mortgage Professional to get a thorough analysis of all of your specific information. There may be options where you can restructure the other properties and/or some debts to reduce your DTI and help you better qualify for this new acquisition. If you have any additional questions you can contact me through my Profile. All the best!
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April 10
How much are you planning (or able) to put down?
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April 09
I have a colleague who does commercial loans for me in San Francisco.  From what (little) I understand about commercial loans, LTV has less to do with qualifying as cash flow does.  If you'd like me to pass along his contact information, please contact me through my profile. 
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April 09
 
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