Eric's Credit Community

Purpose of loan:
This loan will be used toward the down payment on this great real estate deal in Sacramento, California.  This property is worth almost double what I am paying for it, according to my lender's reports and comps in the area. 

My financial situation:
I am a good candidate for this loan because I have excellent credit and have never been late on any loan or bill payments in my life.  I have a steady full time job as a music therapist, working with children with special needs.  

The property I am purchasing is such a great investment, and I expect to be able to refinance it to get the money back fairly quickly.  I also have prior real estate experience, and currently own one other investment property- a single family residence.  I spent many months researching the market, analyzing countless properties, and learning about the best way to use leverage to begin investing in multi-unit properties. 

I am planning to live in one of the units, and rent out the other two to the current long-term tenants (one has been there 20 years, the other for 40 years!).