I want to get a small loan( ~10k) to rehab a property that I inherited and rent it out. I was wondering what lenders look for when screening you to check if you are a good candidate. I also would like to know if there is anywhere that would do such small loans. Thank you for your time. Hope everything is well with all of you. Would it be best to just save up and finance the rehab on my own?
Investor · Columbus, OH · Member since 2017 · 86 posts · 74 votes
8y
@Victor Williams for an under $10k loan I would suggest going to your bank and asking for a personal loan. If your bank won't provide the loan or you need something quicker crowdsourcing sites like LendingClub or SoFo offer small loans and usually get funding to you in a few business days.