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Updated over 8 years ago,

User Stats

30
Posts
4
Votes
Porsche Thompson
  • Fayetteville, NC
4
Votes |
30
Posts

What Would the Best Loan Be for a 25k property?

Porsche Thompson
  • Fayetteville, NC
Posted

Hey BP, I was interested in getting my foot in the door with a small SFH in the Fayetteville area (NC). The property is about 25k and I have very little money down, about 3% saved up so far. Is it possible to finance the rest of the amount? I know cash buyers usually snap these type of properties up but is there a good loan for something like this? I plan to use it as a rental property right out the gate and hold it for a bit. How would you go about securing a loan for this amount?

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