Not sure what state you're interested in buying, but I'm in a unique situation to be able to offer loans in every state. If you speak to Chase, Bank of America, Wells Fargo or any of the other large lenders, you're more than likely deal with a calling center. Local mortgage bankers would be the same as most Loan Officers are only licensed in the state they originate in.
Feel free to call or email me with any questions. If you already have a Loan officer available to you, have them review all the necessary documents and see what they can offer you. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
This is a New York Thread.
At 50% LTV you should have no problem.
But, New YORK would be better you'll get 3X the rent.
I can get you 3 family, for 700-800k, and 7500-8000 a month in rent.
youll probably see 60000-69000 after building expenses and positive cash flow of 40k-50k annually