Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
first deal found! but problem with financing. Need advice
I found a turn key duplex for $50k with renters in place bringing in $900/mo. I pre qualified for a loan up to $300k for an investment property at 4.875% with 25% down. My problem is that $50k minus 25% down is only $37,500 and I can't find a lender who will lend that little. I have enough to pay cash, but that will deplete monies that could go toward more investment properties. What are my options?