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Updated 7 months ago on . Most recent reply
Loans for properties between $30,000 and $75,000
In my market there are a lot of homes that are between $30k and $75k that could easily be turned into short-term rental investments.
I'm wondering if there are any non-conventional lenders who loan for this price range.
It would have to be dscr or something similar rather than conventional.
Most Popular Reply
Quote from @Rob Austin:
In my market there are a lot of homes that are between $30k and $75k that could easily be turned into short-term rental investments.
I'm wondering if there are any non-conventional lenders who loan for this price range.
It would have to be dscr or something similar rather than conventional.
$75K is the lowest allowable property/appraised value I've seen for DSCR. Not sure of anyone else that will lend on a property that has a lower value than $75K.