PURCHASE AMOUNT TO SMALL TO FINANCE

[Courtney Kimbrough]

I found 2 bedroom 1 bath cottage style house. It needs roughly about $1,200 worth of work (my newbie opinion). So lets just say $5,000 to be safe. The property would be an awesome acquisition. The problem is that no one will finance the property because it doesn't meet their minimum $75,000. Coming in at a whooping $20,000, and rent in the area for an apartment that size being $950 a month, you can see why I say this would be a great acquisition. If someone could please point me in the a direction that may be able to solve my problem, I would be eternally grateful. 

[Alexander Felice]

75K is a high minimum for lenders and not standard. 

Not to hard to find loans under 75K, you just need to talk to more lenders.