Small loan on investment property

[David Rutledge]

Good morning,

I am going to make my next purchase in the next few months either for my own primary residence in CA or another multi family (2 - 4 units) investment property out of state (I bought my first two in the summer of last year).

I have been able to secure financing if I go the primary residence route but I am hitting some road blocks on the investment loan.

I only want to buy something worth 60 - 80K and my loan will only be 75% of that so I am looking at a loan worth 60K max. The few lenders I have called have indicated that they do not fund loans that small.

Does anyone know where/how I can find lenders who would be willing to offer such small loans for investment properties? Ideally I would like a nationwide lender as I am still unsure on which state I will buy in (NC, FL, OH, IN are my main options)

Alternatively should I be looking at a personal loan rather than a home loan for this kind of small purchase?

I have never bought a property this cheap before so I am unsure of my options or what the best route for me would be. 

If anyone knows where/who I can ask please let me know. Any information or guidance would be appreciated.

Thanks so much.

David