Looking for creative ways to get a loan for rental property

Looking for creative ways to get a loan for rental property

Investor · Pensacola, FL · Member since 2018 · 1 post · 0 votes

I am looking for advice on creative ways to get a $350,000 loan with my income ($46k) not being high enough to actually qualify for that high of a loan at a normal bank. I'm in the Pensacola area, looking at a quadplex in downtown Pensacola that would generate about $4,000 gross income. 

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  • Rental Property Investor · Denver, CO · Member since 2010 · 99 posts · 42 votes
    8y

    Have you considered getting a private money loan? Your interest is going to be really high. However, if your goal is to have an alternative to bank financing, that's one way to go.

  • Lender · Hackensack, NJ · Member since 2016 · 1k+ posts · 372 votes
    8y

    Sending you a PM

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