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Updated about 2 years ago on . Most recent reply

Brent Campbell's profile image
Brent Campbell's profile image
Brent Campbell
  • Rental Property Investor
  • from Saint Louis
  • Member since Apr 20, 2022
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Brent Campbell's profile image
Brent Campbell's profile image
Brent Campbell
  • Rental Property Investor
  • from Saint Louis
  • Member since Apr 20, 2022
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Brent Campbell
  • Rental Property Investor
  • Saint Louis
1
Votes |
15
Posts
Private Lending & Conventional Mortgage Advice

LLC loan under 60k

Brent Campbell
  • Rental Property Investor
  • Saint Louis
Posted

I'm in the St. Louis , mo area looking for a lender for an investment property that I'm looking to purchase for 70k or less. Any lenders do LLC loans under 60k?

Saint Louis, Missouri
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Brian Miller's profile image
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Brian Miller
  • Real Estate Agent
  • from St. Louis, MO
  • Member since Jun 22, 2019
  • Posts 50
  • Votes 42
  • Experience 9 Yrs
  • Investments 2
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Brian Miller's profile image
Brian Miller's profile image
Brian Miller
  • Real Estate Agent
  • from St. Louis, MO
  • Member since Jun 22, 2019
  • Posts 50
  • Votes 42
  • Experience 9 Yrs
  • Investments 2
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Brian Miller
  • Real Estate Agent
  • St. Louis, MO
42
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50
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Brian Miller
  • Real Estate Agent
  • St. Louis, MO
Replied

A local credit unit would be your best bet. Some offer construction costs to be paid with interest only payments for a period of time, which you can then convert into a long term loan if you build up forced appreciation. They lend on those with the agreement that you'd use them for the long term buy and hold. 

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