Updated about 7 years ago on . Most recent reply
Finance options for package of low $$$ properties.
New investor considering a package deal of 5 low valuation homes. All currently rented. The rent/price % ratio and cash on cash numbers look strong.
My concern is financing. Even if I have 20% down, will a bank lend me the 80% considering each property would appraise for ~$30k. Has anyone been in a similar situation?