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Updated about 2 years ago,
Financing for homes under 50k.
Hi everyone. I'm looking to purchase rental properties in Milwaukee, WI. Purchase prices I'm looking at ranges from 35k-55k. Properties are all tenant occupied. Because of minimum loan/ property amount that lenders have, I'm having a hard time finding someone who will lend for these. I'm also open to put together 2-3 properties on one loan (blanket/ portfolio loan), but the properties are not from one seller. Down payment is not an issue, I have a fairly large sum saved up.
Anyone know of a lender that would consider this? Can anyone offer some advice?