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Updated over 2 years ago,
Loan structure help
I’m finding a lot of good deals in single family homes. The prices of the houses are between 20k and 40k and repairs are between 20k to 30k depending of the size and conditions of each house.
My cash won’t support to buy and fix the houses at the speed that I’m finding properties.
I’m planning in different exits strategy but the best one is BUY AND HOLD this properties that will be pay off in 4 years by tenants paying rent.
I have the all system in place. I’m finding the properties and I have several crews that can fix the houses in 2 or 3 weeks period.
What will be the best way to leverage my cash and buy and fix as many houses as I can. Some lenders won’t touch anything below 50k.
Any help will be gladly appreciated it.