Finding financing

[Marv Nettles]

Hey y'all, I'm  trying to get a houses for $30k or less, in most cases I'm inheriting a tenant possibly. I'm trying to find options in securing a low loan amount. Quicken Loans said that 30K was too low to loan. Any suggestions? 

[Jered Sturm]

$30k houses can be a lot of work especially if they are habitable when you are purchasing them for $30k. It is doable but there can be a lot of hidden costs. You are correct it will be hard to find anyone to lend on this type of property. It simply isn't worth the banks time effort and risk. If you decide this is your path you may need to find non-conventional financing. 

Best of luck on the venture.