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Updated 5 months ago on . Most recent reply

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29
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18
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Rob Austin
18
Votes |
29
Posts

Loans for properties between $30,000 and $75,000

Rob Austin
Posted

In my market there are a lot of homes that are between $30k and $75k that could easily be turned into short-term rental investments. 

I'm wondering if there are any non-conventional lenders who loan for this price range. 

It would have to be dscr or something similar rather than conventional.

Most Popular Reply

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261
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Brandon Beardt
  • Lender
  • La Crescenta, CA
157
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261
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Brandon Beardt
  • Lender
  • La Crescenta, CA
Replied
Quote from @Rob Austin:

In my market there are a lot of homes that are between $30k and $75k that could easily be turned into short-term rental investments. 

I'm wondering if there are any non-conventional lenders who loan for this price range. 

It would have to be dscr or something similar rather than conventional.


$75K is the lowest allowable property/appraised value I've seen for DSCR. Not sure of anyone else that will lend on a property that has a lower value than $75K.

  • Brandon Beardt
  • [email protected]
  • 818-726-2418
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