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Updated almost 5 years ago on . Most recent reply

Maya Gorski's profile image
Maya Gorski's profile image
Maya Gorski
  • Real Estate Agent
  • from San Diego, CA
  • Member since Jan 10, 2020

User Stats

24
Posts
24
Votes
Maya Gorski's profile image
Maya Gorski's profile image
Maya Gorski
  • Real Estate Agent
  • from San Diego, CA
  • Member since Jan 10, 2020
Maya Gorski
  • Real Estate Agent
  • San Diego, CA
24
Votes |
24
Posts
Buying & Selling Real Estate

Loan Minimums in New York

Maya Gorski
  • Real Estate Agent
  • San Diego, CA
Posted

Happy New Year, BiggerPockets!

Is anyone aware of New York lenders that allow loans sizes below $50k? I'm currently considering a couple of properties in the Syracuse and surrounding areas that would leave me with loans at about $43k-49k, with 75% LTV. The $50k minimum is what I keep finding...

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Frank Procopio's profile image
Frank Procopio's profile image
Frank Procopio
  • Real Estate Agent
  • from Naples, FL
  • Member since Sep 26, 2016

User Stats

298
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268
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Frank Procopio's profile image
Frank Procopio's profile image
Frank Procopio
  • Real Estate Agent
  • from Naples, FL
  • Member since Sep 26, 2016
Frank Procopio
  • Real Estate Agent
  • Naples, FL
268
Votes |
298
Posts
Frank Procopio
  • Real Estate Agent
  • Naples, FL
Replied

I have a portfolio of over 50 properties. Every single one has been purchased for under 50k and are not repair nightmares. The lender I also sent does not have high fees. 20% percent down on singles and 25% on duplexes with a 30 year am, conventional loan. 

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