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Updated over 6 years ago,

User Stats

27
Posts
16
Votes
Brian Goff
Pro Member
  • Columbia, SC
16
Votes |
27
Posts

Finance options for package of low $$$ properties.

Brian Goff
Pro Member
  • Columbia, SC
Posted

New investor considering a package deal of 5 low valuation homes.  All currently rented.  The rent/price % ratio and cash on cash numbers look strong. 

My concern is financing.  Even if I have 20% down, will a bank lend me the 80% considering each property would appraise for ~$30k. Has anyone been in a similar situation?

  • Brian Goff
  • Loading replies...