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Updated about 5 years ago on . Most recent reply

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14
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2
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Kyle Nicholas Yeitrakis
  • Rental Property Investor
  • St. Mary’s county, MD
2
Votes |
14
Posts

Is Anyone else having a lot of difficulty finding funding?

Kyle Nicholas Yeitrakis
  • Rental Property Investor
  • St. Mary’s county, MD
Posted

I have a duplex in Lisbon, Maine under contract for 75 K. I know it's a great deal, but no one seems to be lending right now because of the Covid outbreak. I know barely any hard money lenders are lending right now, but does anyone know any other alternatives? I've been trying to find private money, but my search isn't going very well at the moment. I want to BRRR this deal and keep it as a rental. I have everything already set up, contractor, manager, lawyer, title, etc. Just need to find the money!

Most Popular Reply

User Stats

236
Posts
140
Votes
Carl Hebert
  • Rental Property Investor
  • Auburn, ME
140
Votes |
236
Posts
Carl Hebert
  • Rental Property Investor
  • Auburn, ME
Replied

@Kyle Nicholas Yeitrakis Have you checked with the smaller community banks and credit unions? I have heard that they have not been as stringent as the bigger banks right now. Mechanics Savings, Dirigo Credit Union etc. 

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