ASK MIKE MONDAYS - Michael, what are the LIQUIDITY & NET WORTH requirements from a lender to qualify for an APARTMENT LOAN?
Manage episode 223969323 series 1181820
Buying a large apartment building is NOT a NO CASH/ NO NET WORTH/ NO CREDIT business model. The lender needs to see the depth of your balance sheet. Your lender is going to loan you thousands of dollars and wants to make sure that they are comfortable with your balance sheet. Michael breaks down what typical apartment lenders need.
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