Financing or Re-Financing SFH in Chicago Illinois
I am an investor with multifamily and single family homes in Chicago and it's South Suburbs (Chicago, Dolton, Chicago Heights, South Chicago Heights, Calumet City and Steger). I have successfully purchased and/or refinanced SFH units with Private Money, personal mortgages, and commercial refi., however, I cannot find anyway to access or refi in the less expensive SFH rental property market. My typical purchase in this space is purchase under $30K (frequently less that $20K), rehab less than $5K with market tenants paying $900-1,200K per month.
Of course, I can always get private money to help me with the purchase and stabilization, but if I want to hold them I need a less expensive rate and longer term.
Is there a way to refinance or purchase these with borrowed money?