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Updated almost 5 years ago on . Most recent reply
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Need portfolio Lender for 50k houses
Hi,
Does anyone know a lender tha'tll loan on 50k houses in Indiana?
I am wanting to buy about 10, 50k houses out in Gary Indiana. I am buying them from a successful investor who owns outright 130 of these homes. I want to 1031E a SFH with 150k equity that I have in PHX into them. I am fine putting extra cash in as well. 25%, 30%, 40% even if thats what it takes. I prefer not to own them all in cash. Credit score around 750+, plenty of reserve money in the bank to own outright but want to leverage some.
thanks!!!
Andrew