Was told One Brokerage won't do a loan for under $150,000?

[Taryn Cuen]

We are just getting started in our REI journey and right now trying to get pre-approved and pick a market. We have $25,000 all in to invest, does that seem like enough? From everything I've read you can get started with no or little money down so I'm surprised the One Brokerage told me they couldn't help me....

Taking on a partner is not an option however we could do a HELOC as we have a TON of equity in our current home but we would rather not.

Any advice for a newbie? 

Thanks!

[Denis Ponder]

You can find lenders who will loan you an amount under $150k, so I would explore those options wherever you plan to invest.

If you can afford the increased housing payment from the refinance, I would seriously explore that.  Right now, it's about getting in the game and letting time work to your advantage.  You can make moves down the road to reduce your debt if that is a concern to you.

It all depends on your goals and how quickly you want to achieve them.