Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Hard Money Lenders issues
All the research I’ve done through Bigger Pockets, I cant seem to find a Hard Money lender to lend under $50,000.
In my area (Illinois) there are properties selling between $5,000-$10,000. With an estimated Reno costs between $20,000-30,000. ARV $50,000-$60,000. Is it worth it to not explore these deals and expand my vision to houses in the $30,000-40,000 range to be able to meet the loan value minimum of $50,000?