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income property investment

I want to invest on a multi family 3 to 8 units. Im very handy, dont mine afixer upper but in 2010 I had to claim bankrupt. Since then im married already have a live in income property. Please advice if if we can do it
  • January 11 2014 - Bridgeport
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Answers (2)

It seems that you have passed the waiting period that you must sit through after a bankruptcy. The waiting period is usually around 3 years so you should be fine now. On the other hand, it still may be difficult. When it comes to obtaining a loan for a second property, it can become much harder. Since it is riskier for a lender to fund a second property, they will require higher standards, rates, and down payments. Either way, the best thing for you to do is to speak with a lender such as myself to see if you can get started on financing a new home. If you have any further questions or if you would like a loan, feel free to contact me.

Good Luck!
  • January 13 2014
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not a problem with a 3 or 4 unit.
  • January 11 2014
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