No loans under $100k??
Can anyone share some insight into how to get lending for a property under $100k? Most of the properties I'm looking at are in the $50 - $60k range and I've been told by two lenders that it would be a high-cost loan and therefore wouldn't close. My credit is great, so that's not the issue. Do I just find a hard money lender? Are there non-hard money lenders that do loans sub $100k? This is my first investment and I'd prefer not to do a cash purchase if I don't have to. But I'm confused about the lending side of things and hearing conflicting information. Any help is appreciated. Thanks!