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Updated about 3 years ago,

Marie Rufty's profile image
Marie Rufty's profile image
Marie Rufty
  • Member since Aug 27, 2021
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12
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3
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Marie Rufty's profile image
Marie Rufty's profile image
Marie Rufty
  • Member since Aug 27, 2021
Connect
Marie Rufty
3
Votes |
12
Posts
Buying & Selling Real Estate

How to obtain financing under 75K

Marie Rufty
Posted

Good morning Bigger Pockets friends!

I am looking into purchasing an STR beach condo and am looking at properties between 60k and 100K. I spoke with my lender this morning and he advised that conventional mortgages may not be the way to go with this type of property because taxes and fees end up being a much larger percentage of the loan than is advisable. I'm wondering how you guys obtain financing for these lower-priced properties.

Thanks in advance!

Marie

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