My First Investment Deal
i'm closing on my first investment deal. It's 4 duplexes all on the same property, but divided into seperate lots. I'm 21 and i have good credit but i'm not sure if i have enough credit history. my broker is structuring the deal so i can pull out 18k on each property. all units are currently rented under section eight. my loans have to be approved @ 90% LTV. it has been appraised @ 140k and i'm buying them for 84.5. So i guess i'm a little nervous about not getting the loan approved. if anyone has any advise or comments i would love to hear them. 
Perhpas I'm not understanding, for as I read it you are buying a 140K property for less than 90K. Why are you worried about 90% LTV? You are at 65%/ That's great!
Where are you from jamesprimmer? I'm 20 and its nice to see someone else that is young doing deals.
i'm from tampa, fl. what type of deals have you done. this is my first, other than the lease option i got for my home.
Your getting 4 duplexes (8 total units) for $86,500????
I just looked at a 6-plex and it is in escrow for $345,000.
and its run down and in a very bad area.
no the duplexes are 84500 each and there all under section 8. and there also in a bad area