Rental loans in North Carolina

[Jenna Bamlet]

Hello,

I recently finished my first solo property. It’s been on the market just over a month and I had one potential buyer who terminated the contract. It’s time for me to use my back up plan of making this property into a rental. I’ve called some lenders that I found using the BiggerPockets website, I’m still not entirely sure which one would be the best to finance this property. It’s a small three bedroom one bath in the New River area in Jacksonville. This property has awesome rental potential, I’ve had several people stop and ask while I was still renovating the property when it was going to be available for rent. Since this property is become a rental property I will need to refinance it and use the cash out money towards another property. With all that being said are there any rental lenders for beginners that anyone would recommend for someone who’s credit is fair, has no extra money to bring to the table, and is looking for a higher cash out allowance? 

Thank you in advance,

Jenna Bamlet