Seeking Low-Barrier Financing for $60K Purchase or $75K Refinance

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Seeking Low-Barrier Financing for $60K Purchase or $75K Refinance

Member since 2023 · 39 posts · 15 votes

I'm looking for financing options for real estate investments with purchase prices of $60,000 or less, or refinancing for properties valued at $75,000-85K or less. Local options I've found have higher interest rates that don't make sense for my investments.

If you have any recommendations for lenders or creative financing strategies that could help me achieve my goals without high interest costs, please reach out.

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Lender · Freehold, NJ · Member since 2022 · 236 posts · 85 votes
2y

Hey Jeffrey,

On our Purchase and Refinances, we could go as low as 50,000 on the loan amount barring that the DSCR holds up. Max 80% LTV on purchases, max 75% LTV on refinances.

If you have some properties that fit under that umbrella, shoot me a message. 

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  • Lender · Freehold, NJ · Member since 2022 · 236 posts · 85 votes
    2y

    Hey Jeffrey,

    On our Purchase and Refinances, we could go as low as 50,000 on the loan amount barring that the DSCR holds up. Max 80% LTV on purchases, max 75% LTV on refinances.

    If you have some properties that fit under that umbrella, shoot me a message. 

  • Member since 2024 · 63 posts · 6 votes
    2y

    I am equipped to provide funding solutions tailored to projects involving property renovation and resale (fix and flip), long-term property ownership (fix and keep), as well as refinancing initiatives. I’d be more than happy to close some deals with you!!

  • Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Jeffrey Richard:

    I'm looking for financing options for real estate investments with purchase prices of $60,000 or less, or refinancing for properties valued at $75,000-85K or less. Local options I've found have higher interest rates that don't make sense for my investments.

    If you have any recommendations for lenders or creative financing strategies that could help me achieve my goals without high interest costs, please reach out.


     you are not buying anything for 60k all in unless you want the deep deep hood, and even than all in 60k, NOT going to happen, 

  • Member since 2023 · 39 posts · 15 votes
    2y
    Quote from @Bob S.:
    Quote from @Jeffrey Richard:

    I'm looking for financing options for real estate investments with purchase prices of $60,000 or less, or refinancing for properties valued at $75,000-85K or less. Local options I've found have higher interest rates that don't make sense for my investments.

    If you have any recommendations for lenders or creative financing strategies that could help me achieve my goals without high interest costs, please reach out.


     you are not buying anything for 60k all in unless you want the deep deep hood, and even than all in 60k, NOT going to happen, 


     not accurate. 

  • Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Jeffrey Richard:
    Quote from @Bob S.:
    Quote from @Jeffrey Richard:

    I'm looking for financing options for real estate investments with purchase prices of $60,000 or less, or refinancing for properties valued at $75,000-85K or less. Local options I've found have higher interest rates that don't make sense for my investments.

    If you have any recommendations for lenders or creative financing strategies that could help me achieve my goals without high interest costs, please reach out.


     you are not buying anything for 60k all in unless you want the deep deep hood, and even than all in 60k, NOT going to happen, 


     not accurate. 

     No, I am not, I have done about 500, yes 500 deals in Cleveland, 5 in the last 30 days. I have about 20 guys bringing me deals, YOU are not getting a 3/1 for ALL IN 60k . If so lets talk, I will take 10 from you at 70k, (so you make 100k) and close in two weeks.

    Good luck 

    BTW, how many do you have there fully renovated for 60k or less ? 

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    2y
    Quote from @Jeffrey Richard:

    I'm looking for financing options for real estate investments with purchase prices of $60,000 or less, or refinancing for properties valued at $75,000-85K or less. Local options I've found have higher interest rates that don't make sense for my investments.

    If you have any recommendations for lenders or creative financing strategies that could help me achieve my goals without high interest costs, please reach out.


     HoltonWise has you covered for properties in Cleveland that need low value loans.

    CLICK HERE for Financing.

  • Lender · Member since 2024 · 121 posts · 14 votes
    2y
    Quote from @Jeffrey Richard:

    I'm looking for financing options for real estate investments with purchase prices of $60,000 or less, or refinancing for properties valued at $75,000-85K or less. Local options I've found have higher interest rates that don't make sense for my investments.

    If you have any recommendations for lenders or creative financing strategies that could help me achieve my goals without high interest costs, please reach out.

    Hi Jeffrey! We go as low as $50k loan amounts and $75k property values. Would love help! 
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