Updated over 7 years ago on . Most recent reply
Financing low value homes
Just got my first offer accepted on a home that has a current tenant and will cash flow on closing day. The offer is for 65k all cash. I have the funds to pay cash at closing for this property but would rather use leverage so that i can rehab or buy more properties with remaining capital. The problem is that most lenders don't touch loans under 100k due to large up front fees which is going to make using leverage a bit difficult. I work with several people who are eager to invest with me in real estate but I am unsure on how to structure a deal like this with them. Looking for any advice/stories that could help me with this particular deal and allow me to immediately start looking for another.