All Forum Posts by: Kirk Hause

I own one property free and clear.  I have mortgages on two others.  I cannot get a loan for another one.  I buy low income property ($50,000 and under).  Some companies will not give me a loan unless the property is $75,000 or more.  Our bank will not give me another mortgage because the two properties were just purchased in the last three months so I have not shown profit on my income taxes.  Where do you get loans to buy low income properties?

I bought a single family for $20,000 all in at $25000. Rent is $575 a month. I can't find anyone to refinance to pull cash out. Any ideas?