Seeking Financing for Turnkey Rental Property
Good evening fellow investors,
My business partner and I are currently seeking financing for a deal we have under contract. We have attempted to work with many private money lenders and banks; however, everyone says the loan amount is too small and the bank will not currently fund our deals.
We have a turnkey rental that is occupied, under contract. Purchase price is $36,500. The owner is motivated to get rid of the property. He will not accept doing owner financing. We are in a bind as the time is winding down and we have been unsuccessful in our attempt to creatively finance this deal.
We would love to hear any advice about how we can go about achieving financing for the deal. Thank you for your time and consideration.