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Updated almost 6 years ago on .

User Stats

25
Posts
10
Votes
Lisa Parker
  • Flipper/Rehabber
  • Loganville, GA
10
Votes |
25
Posts

Whats a great “Buy and Hold” funding source?

Lisa Parker
  • Flipper/Rehabber
  • Loganville, GA
Posted

Hello, I’m looking at several single family properties I can purchase from 15k to 25k each in an area projected to appreciate quite well over the next 10 to 20 years. I’ll perform mostly cosmetic upgrades (all brick homes) and then rent out as part of my long term holds. I can afford to start purchasing them cash but want to finance them to get mortgage interest benefits (if we still get any going forward). I have a mortgage on my personal residence, good cash flow, low debt, and 780+ credit score. Is there someone that will offer me a 30 mortgage on an investment property with a 25k price tag that’s unoccupied and needs minor upgrades? I don’t want to waste money going the hard money refi route. If not, how should I accomplish this task?