Loans for properties between $30,000 and $75,000

[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.

[Brandon Beardt]

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.

[Erik Estrada]

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.

 Hey Rob, 

Most lenders require a minimum value of $75k and a minimum loan amount of $55k. You may also need to show STR rental history on these properties from the previous owner if you are looking to qualify using short term rents. If it can qualify with LTR rents then you won't need to show this.

[AJ Exner]

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.

Rob, 

I am familiar with a group that might be a good fit, but you would have to purchase a few at once to make it work, as they have a minimum loan amount of 75k on a small portfolio, but single properties at ~$55k would be tough, even for DSCR.

[Rob Austin]

Quote from @AJ Exner:

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.

Rob, 

I am familiar with a group that might be a good fit, but you would have to purchase a few at once to make it work, as they have a minimum loan amount of 75k on a small portfolio, but single properties at ~$55k would be tough, even for DSCR.

 A few at a time is totally okay. Could you put me in touch with them?

[Patrick Mathieu]

I can help

I sent a message

[Jacob Sherman]

bridge would be your best bet from a private lender 

[Brandon Croucier]

My Lowest possible property purchase price would be $68,750, with 20% down payment and we can allow up to a 2% seller credit attached.

We can connect if you would like to learn more.

[Tahsin Ishtiaque]

Quote from @Brandon Croucier:

My Lowest possible property purchase price would be $68,750, with 20% down payment and we can allow up to a 2% seller credit attached.

We can connect if you would like to learn more.

Brandon!! I am looking at a property now at Ohio priced at 84k with 1.5 DSCR. I am struggling to find a DSCR lender to do that deal. Do you think you can do that and also are you a direct lender too and services your own loan?

[Brandon Croucier]

Quote from @Tahsin Ishtiaque:

Quote from @Brandon Croucier:

My Lowest possible property purchase price would be $68,750, with 20% down payment and we can allow up to a 2% seller credit attached.

We can connect if you would like to learn more.

Brandon!! I am looking at a property now at Ohio priced at 84k with 1.5 DSCR. I am struggling to find a DSCR lender to do that deal. Do you think you can do that and also are you a direct lender too and services your own loan?

 Sounds right up my alley, let's connect so I can learn a bit more. I do not lend my own money as I am a mortgage broker but I have the resources to get you what you need at a good price.

[Dave Skow]

@Rob Austin- there  are  lenders  that allow  loans under 75K 

[Remington Lyman]

Quote from @Tahsin Ishtiaque:

Quote from @Brandon Croucier:

My Lowest possible property purchase price would be $68,750, with 20% down payment and we can allow up to a 2% seller credit attached.

We can connect if you would like to learn more.

Brandon!! I am looking at a property now at Ohio priced at 84k with 1.5 DSCR. I am struggling to find a DSCR lender to do that deal. Do you think you can do that and also are you a direct lender too and services your own loan?

 I have a contact that will do this deal

[José Juan González]

Quote from @Dave Skow:

@Rob Austin- there  are  lenders  that allow  loans under 75K 

 Hello Dave, can you share some of them? Im struggling try to find in Detroit MI.

[Drew Sygit]

@jose juan gonzales try Mino Lending in Detroit

[José Juan González]

Quote from @Drew Sygit:

@jose juan gonzales try Mino Lending in Detroit

 Thank you so much Drew! I just call them and yes, they borrow less than a 100k!🙌🏼

[Robert Barnowsky]

@Drew Sygit Thank you so much for the recommendation! 

@José Juan González It was great speaking with you yesterday and I know Eric will take great care of you!

[LaShawnda Robinson]

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.

 I specialize in loans $75K or under for real estate. 

[Rob Austin]

Quote from @LaShawnda Robinson:

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.

 I specialize in loans $75K or under for real estate. 

Non conventional? Like DSCR etc.

[Derrick E.]

Quote from @LaShawnda Robinson:

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.

 I specialize in loans $75K or under for real estate. 

DSCR loans? Nationwide? What's your minimum?