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Updated almost 4 years ago,

User Stats

6
Posts
4
Votes
Kameron L Heiser
  • Rental Property Investor
4
Votes |
6
Posts

The best way to get a loan or funds for a house under 50k

Kameron L Heiser
  • Rental Property Investor
Posted

Hello,

I am looking into buying my first rental. I do not have a lot of money saved at this point so I am looking at buying something for under 50,000 in my area. With my market I can instantly make a couple hundred dollars off of rent with no work at all although I would Renovate and get the money back from a Heloc or by Cash out refinance to buy the next rental. Anyways that information is kind of irrelevant because I cannot find a bank that will give a loan for under 50k.. I am not sure what is they best way to go in order to make this happen? I have thought about hard money but I am not sure? Any information would be greatly appreciated!

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