Financing Under $100K

[Jermaine Walton]

Hi Everyone - Newbie here. How do you get financing on a home under 75K.

I have the 25% down, but talking to a lender that I have a pre-approval from; they don’t loan under $100K for a rental purchase. 

Looking to buy in Toledo, Columbus and Cleveland. 

Thanks 

[Dave Poeppelmeier]

Contact @Chris Wharton, he is in Columbus but works both in Toledo and Cleveland. You can find properties here in Toledo for $75k that will need a full cosmetic rehab in a C/C- neighborhood, but you'll find you can get dollar-to-dollar improvements in your ARV for what you put into it. $75k house + $15k Rehab = $90k ARV.