What the best way to Funance a 45k Duplex..??

[Rudy Sant]

Hi BP folks ...I am having a hard time finding financing for something less than 50K. I now there are properties for 45K..that if I offer asking price...when deducting down payment..either conventional or FHA, The loan amount is lesser than the minimum the lender is willing to lend me..

I found markets in the USA where this is possible and those markets fit my risk appetite..I am ready to deploy..I find a bid absurd having to offer 7k -8k above asking price unnecessary only to be able to get a loan for $50k ..I am willing to do it..I have asked sellers to juts do couple upgrades or put some appliances but seller doesn't want to..I had asked my lender to also get me money for rehab the 45 k.property to incr3ase loan amount but lender taking his time to respond I want to close this property ASAP..any season investor ideas 💡??