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Updated over 5 years ago on . Most recent reply

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16
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Eric Brenneman
  • Castle Rock, CO
4
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16
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Lenders for Properties below 55K

Eric Brenneman
  • Castle Rock, CO
Posted

I am having a hard time finding lenders that are willing to lend on an investment property that the loan would be less than $50K after down payment, can you please assist. Property is located in TN.

  • Eric Brenneman
  • Most Popular Reply

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    974
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    Joseph Firmin
    • Rental Property Investor
    • Smyrna, GA
    645
    Votes |
    974
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    Joseph Firmin
    • Rental Property Investor
    • Smyrna, GA
    Replied

    I ran into this problem as well @Eric Brenneman, unfortunately, I couldn't find one. Searched high and low too. What I know some cash investors do, is buy 2+ properties of lesser value for cash and then package them into 1 loan with a lender. This is done often. Best of luck!

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