Purchasing under $50K

[Patrick Reisinger]

Happy Memorial Day all,

I live in Baltimore and there’s a good investment property that I’m very interested in. The problem is that it’s going for under $50k and lenders don’t like to lend under that amount.

I also have 6 properties and it's starting to be a real hurdle for me to buy more rentals though the conventional methods. That being stated, can any of you fine folks (experienced investors) provide me with some guidance? Hard money lenders, local small banks, LOC?

I’ve flipped a property last year and it’s not something that I want to do moving forward. My primary focus is to buy and hold.

Thank you in advance!!