I am intersted in purchasing some apartments. The Price is 355000 for eight units. I have a credit rating of 654. The property is multi zoned commercial and residential. The property is appraised at 455000 (according to seller). For a 15 year loan the payments would be around $3000. The rent at full ocuupancy is 6200. I only have around 10000 for a down payment. Is it possible to get a loan? maybe a SBA secured loan.
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