Lender Needed for Seasoned Midwest Investor
Hi, I'm an Indiana based buy and hold Investor with 22 doors. I need financing for a SFH. Purchase price is $59,900, rent will be $750. No repairs needed. I currently used a large chunk of my capital to acquire a 9 unit portfolio and a different SFH. I'm usually a cash buyer but don't want to touch my reserves set aside for rainy days and put most of my working capital in 10 other doors. I have $10-15k to put down and great credit.
Ideally I would like to find a private investor that would like to fund this small deal so we can build a business relationship for funding larger deals in the future. I’m also open to conventional financing if there is a bank here that handles small loans.
If I can’t get it done here I’ll just pay cash for it, but thought this would be a good opportunity to begin a relationship with a private money lender.
Thanks