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Updated almost 2 years ago,
financing for ltr properties
I have seen how to raise money for flips and brrr strategy etc. However Im a little stumped on ideas for getting funding for a rental that doesnt have a ton of value add. It meets 1% rule and is actually 4 properties 110-125k from same seller. I have my own business but only for 2 years now so most traditional lenders arent going to be of any help that I see. 2 units are rented currently for the next few months when lease runs out. Is there a type of lender that will lend in this scenario and having two units rented add as benefit to them? I have one rental now I could show details to a lender on and have rented a house previously for 4 years so not brand brand new to it. Any ideas on where I could source funding ? I could swing 10% down if I had to. Thanks !