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Updated about 6 years ago,
Looking for a lender that will finance $30K duplex
Hi everyone,
I'm looking for some advice or some possible references. I'm talking to a seller now that owns a duplex that is generating $920/month in rent. His asking price is $30K and this is his last property before retiring. I'm going to try and work out a Land Contract, but so far I'm having a hard time finding a lender that will create a mortgage on anything lower than $35K.
Does anybody know of a lender that will help finance this deal for me? I have money I can put down for a deposit and I have a good credit score. Thanks for your help!