Updated over 4 years ago on . Most recent reply
Financing a mortgage under $30k
Hey guys, I'm relatively new to BP and new real estate investor, are you guys familiar with mortgage companies that are willing to finance properties under $30,000? I haven't been able to find a company that does.
Most Popular Reply
For our last few deals we have found that "local" bank guy! This makes all the differance in the world. He does any loan amount plus rehab line of credit if needed. Also when I want to make an offer on a property he gives an approval letter very quickly. You will have to have a higher percentage rate. But ours is at 6.25 which is still great in my mind