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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateCrappy house / Great location. Can I still get a loan?
Ben O.'s profile image
Ben O.'s profile image
Ben O.
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  • Member since Nov 21, 2019
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Ben O.'s profile image
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Ben O.
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Ben O.
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Buying & Selling Real Estate

Crappy house / Great location. Can I still get a loan?

Ben O.
  • Investor
Posted Jul 1 2022, 13:28

Let's say the lot value is 450k (idyllic neighborhood) but the structure is worth only 45k. Will I have trouble getting conventional lending for this property?

Any pointers on offer / appraisal process?

Thanks!

Austin, Texas
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