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Joe S.
Pro Member
  • Investor
  • San Antonio
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lender recommendation in Mississippi for 60 K loan

Joe S.
Pro Member
  • Investor
  • San Antonio
Posted Sep 26 2023, 21:06

I have an opportunity to buy a package of nine houses from a retiring landlord.

Most of them, he is selling at a substantial equity position to the new buyer.  He is asking for 60 K apiece a couple of them are over 100k value after basic paint job. All but one is already being rented with a tenant in place with a property management company for over $6000 a month gross income.

So what I am looking to accomplish.

1.Find a lender that would lend that low in Mississippi.

2.I might could get the seller to put me on the deed/title long enough to get a rate and term refinance done. If this would work would a contract for deed be acceptable to a lender as a form of ownership?


P.S If somebody can suggest a better way of taking this deal down I am all ears.

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