Porfolio Loans under $50k?
Hello-
My partner and I are looking at a SFR condo that is priced in he $35-$40k range. We love the cashflow numbers as the rents are $1100 per month with a long term tenant. However, we realize that this price range isn't something lenders typically go for. Does anyone have experience or advice in getting portfolio loans in this range. Is that something worth pursuing?