Recommendations for take out lender for out of state BRRRR

Investor · Seattle, WA · Member since 2016 · 108 posts · 43 votes

Hi All,

Looking for some recommendations for take out lenders for an out of state BRRRR I am looking at in Indiana that do loan amounts under $100k. I can't qualify for conventional financing so looking at asset based lenders or other alternatives.

Thanks!

-Rob

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Kristen Duggan
Lender · Member since 2017 · 24 posts · 11 votes
8y
Hi Rob, in my experience, most lenders will only lend on an asset that is valued above $70k.
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Rob Terpilowski
OP
Investor · Seattle, WA · Member since 2016 · 108 posts · 43 votes
8y
Hi Kristin, the ARV on the property is $110k
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