Financing Low Cost properties

[Sean OReilly]

I'm looking at a couple of small condos here in NH, and have been having a hard time getting financing for a rental unit. It seems that lenders aren't interested in loans for properties less than $80k, even with 20-25% down on a $50-60k purchase and a property that should appraise between $80-90k.

I've heard of people getting creative with things like prosper and the like, but they'll only do $35k max. Anyone have any other ideas on how to get these kinds of deals funded?

[Darren Eady]

Yep, contact me.