Finding financing for properties less than $50,000

[Charles Oglesby]

I have been on the market for lower priced properties across the country and one problem I keep running into is banks and private lenders who don't want to make smaller (less than 50k) loans.  I know that there is a solution to this problem that doesn't include going and asking friends and family for money.  What do you all suggest? 

[Jay Hinrichs]

under 50k in any major metro area in the mid west deep south north east.. is generally in a very rough neighborhood... ergo not only the small loan amounts.. lenders don't want the risk of having their collateral torn up