Financing Low Cost Properties

[Daniel Ramirez]

Hello BP Community,

I have 2 very solid rental property deals that I'm looking to close on. Both are SFR rentals that will meet my 1.75% rule. I've negotiated the first to $36k and the second to $40k. Rather than doing an all cash deal, I'd like to leverage and finance via a long term note. However, 3 lenders I've spoken with will not do deals at this low of a purchase price (below minimum loan requirement). Does anyone know of a lender or alternative approach to financing? I've considered a blanket loan, but again was told the total loan amount doesn't meet minimum loan requirements.

Thank you all!!