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Creative Real Estate Financing

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Michael D.
  • Investor
  • San Jose, CA
90
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355
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Financing Cheap Houses

Michael D.
  • Investor
  • San Jose, CA
Posted Mar 18 2014, 14:08

I've been purchasing a number (4 so far) of cheap houses (<$50k) with cash, and now I'd like to get my equity back out of them to buy more. I'd also like to figure out a plan for being able to do this smoothly in the future. By a cheap house, stabilize it with repairs and a tenant, and get all or most of the equity back.

Regular residential mortgages don't seem to make sense, because I can only seem to get 4 of them and anyway the costs are so high relative to the amount of the loan.

I can't be the only one. Where should I be looking for money?

Thanks,

Michael

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