Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Need financing advice for friend looking to buy a cabin.
A friend of mine came to me for some loan advice and I wasn’t sure where to send him. He wants to buy a cabin in PA where he goes all the time for fishing. Asking price is 40K. The cabin has electricity and water but it does not have a bathroom so he cannot find traditional financing as a second home.
He is excellent on paper. He owns a condo and has a long standing good paying job and excellent credit.
Any ideas on where he should look for financing?