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Updated over 17 years ago on . Most recent reply

User Stats

59
Posts
9
Votes
Mikey Cas
  • Real Estate Investor
  • New York
9
Votes |
59
Posts

Financing through alternative methods? Business loan?

Mikey Cas
  • Real Estate Investor
  • New York
Posted

If I wanted to take out a 'personal loan' or a 'business loan' rather than a traditional mortgage and use it for a real estate investment such as rehabing and then flipping,or renting out, is this possible?? Only reason I ask is because I found a potential deal, and the seller is agreeing on $11,500 for the home. I already spoke to a few lenders, I dont think any mortgage companys will lend any less than $50,000. Would a deal that small have to be cash for it to work smoothly. Thanks

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