Updated about 10 years ago on . Most recent reply
Financing Low Cost properties
I'm looking at a couple of small condos here in NH, and have been having a hard time getting financing for a rental unit. It seems that lenders aren't interested in loans for properties less than $80k, even with 20-25% down on a $50-60k purchase and a property that should appraise between $80-90k.
I've heard of people getting creative with things like prosper and the like, but they'll only do $35k max. Anyone have any other ideas on how to get these kinds of deals funded?
Most Popular Reply
Yep, contact me.