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Updated almost 2 years ago on . Most recent reply

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Stephanie Yang
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5
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How to get loans below 70k

Stephanie Yang
Posted

Hi all - I'm purchasing single family rentals in Alabama and Louisiana for $50-70k and having trouble finding conventional and private lenders willing to lend below 75k threshold. What options do I have? Anyone know of lenders with a lower minimum threshold? 

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1,476
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,999
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1,476
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Stephanie Yang
Most lenders won't do it because they essentially don't make anything. I know some that will lend in that price range in Ohio. You can connect with them and see if they lend in Alabama. 

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