Looking for leader or private financing for property under 100K?

[Christian Timiraos]

I'm have trouble finding a leader to finance me for properties under 100k for long term rentals

Any Recommendation?

[Brandon Beardt]

Quote from @Christian Timiraos:

I'm have trouble finding a leader to finance me for properties under 100k for long term rentals

Any Recommendation?

 Hi Christian,

This problem is quite common as many lenders require property values to be at least $100K and in a non-rural area. With such a low loan amount ($75K min), lenders make very little when packaging them up and selling them. However, I have seen some lenders offer minimum loan amounts down to $50K, but pricing becomes more expensive to offset their risk. Keep in mind that since the loan amount is smaller, points/fees will seem much bigger in scale (5+ points if not more), but that's just the name of the game. What are some details regarding the scenario you're trying to do? Location, estimated property value, monthly rent, etc. That'll help other respondents understand and provide feedback as well. Best of luck!