Can you qualify them for a loan?

If a client came to you with 5 RE properties with no mortgages, totaling close to $2M in value. 4 of these 5 properties are income generating about $8,000 per month. The 5th one is their primary residence.
They have close to $1M cash in the bank and their 2019 tax return shows a combined overall gross income of over $170,000.
They are self employed and live off of their investments in Real Estate and the financial markets. In 2020 they have not received income other than the rental income from their 4 properties and some dividends from the markets.
Would you be able to qualify them for a $120,000 loan to buy another investment property?
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Invest in Miami. There are many great opportunities.

  • 6890 N Kendall Dr #B402
  • $199,000
  • Pinecrest, FL 33156 / Dadeland Grove
  • 1 Beds, 1 Baths, 1 Half Baths 960 Sq.Ft.
Price Change History: -6.13% ($13,000) 2 Price Changes : Last Change 28 Days Ago
Or Call 2125188829

6890 N Kendall Dr #B402, Pinecrest, FL 33156

1 Beds, 1 Baths, 1 (Half Baths), Condominium, 960 Sq.Ft.

Nice and bright large 1 bedroom loft. Updated kitchen and bathroom. Dont miss this opportunity in sought after Dadeland Grove in Pinecrest neighborhood. Great investor opportunity, close to UM and great for those interested in Pinecrest school district. Steps from Dadeland Mall and lots of restaurants. Easy access to metro. Building recently updated... All special assessments paid off.
Listing Summary
  • City: Pinecrest
  • Zip: 33156
  • Price: $199,000
  • County: Miami-Dade County
  • Subdivision: Dadeland Grove
  • Complex: Dadeland Grove
  • Development: Dadeland Grove
  • Virtual Tour: View Virtual Tour
  • Property Type: Condominium
  • Status: Active
  • Square Feet: 960
  • Year Built: 1970
  • HOA Fees: $475 Monthly
  • Taxes: $2,751
  • Short Sale:
  • MLS® #: A10822662
School Information
Elementary School Middle School High School
Pinecrest Palmetto Miami Palmetto
Additional Features
  • Waterfront: No
  • Waterfront Description:
  • View: Garden, Pool
  • Style: Garden Home
  • Pets Allowed?: yes
  • Pet Restrictions: yes
  • Flooring: Ceramic Tile, Other
  • Furnished:
  • Construction: Block
  • Parking: One Space
  • Interior Features: 0
  • Amenities:
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The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (A10822662) is provided courtesy of (Douglas Elliman). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated on 07-03-2020. IDX powered by Realty Net Media




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  • Fabrizio Cacciatore
    Luxury Sales Executive
  • Gary Hennes Realtors
  • 1335 Lincoln rd.
    Miami Beach, FL 33139
  • 2125188829

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