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Updated over 5 years ago on . Most recent reply
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Financing single family homes!
Im looking to invest in single family homes in the 30 to 50k range. I want to use a traditional bank loan for max cash flow, but the problem I have ran into is most banks won’t cover loans that small.
Wanting to see if anyone has any advice as to how they would finance deals in that price range? I would like to stay away from hard money lending and seller financing if possible but I am open to anything.
Thanks
Most Popular Reply
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Look into local banks and credit unions (or local to whichever town you are investing in). They can be a little more flexible with their terms. Also try to find banks that do their own underwriting and keep their loans in house. If there are houses in that price point, someone is doing financing on them. You just have to find that lender.