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Getting a loan on them is the biggest problem... they are probably selling the property because it was mismanaged but the lenders don't like the debt to income ratio. How do you work through this? Bring in a higher down payment, which helps fix the ratio and take a look at the rents, chances are the tenants are being under charged.
By Teo Bogdan5
44 ratings
Getting a loan on them is the biggest problem... they are probably selling the property because it was mismanaged but the lenders don't like the debt to income ratio. How do you work through this? Bring in a higher down payment, which helps fix the ratio and take a look at the rents, chances are the tenants are being under charged.