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Updated over 1 year ago on . Most recent reply

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Michael Oliver
  • New to Real Estate
  • Michigan
13
Votes |
40
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Private lending for Section 8

Michael Oliver
  • New to Real Estate
  • Michigan
Posted

Hello all. I have a unique opportunity I have come across with a purchase price of 50k including 2 vacant land lots. 

I’m thinking private investor to purchase the property and fund the 20k ish rehab. Is this a thing? 

Most Popular Reply

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228
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172
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Nate Herndon
  • Lender
  • Springfield, MO
172
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228
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Nate Herndon
  • Lender
  • Springfield, MO
Replied

@Michael Oliver Many national private lenders would be able to assist with the purchase of the residential property and fund 100% of the rehab as well - and some down to $50k total loan amount (purchase + rehab). The vacant lots would have to be funded out of pocket with those lenders, though. A private individual may be able to assist with financing the residential + vacant lots + rehab.

  • Nate Herndon
  • [email protected]
  • 417-605-2196
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