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Updated almost 2 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Ben Layson
  • New to Real Estate
  • Seattle
2
Votes |
4
Posts

lending strategies for a 30K investment loan

Ben Layson
  • New to Real Estate
  • Seattle
Posted

I'm attempting to find lending for my first real estate deal on a single family rental investment property. Trying to secure lending for an off-market property and learning the struggles of finding hard money loans that go below 50K. That being said I've looked into P2P lending as an option. Any tips for other creative lending sources such as private would be greatly appreciated. The property is located in the Midwest and me and my business partner have ran the comps, numbers and called numerous property managers, handymen, inspectors and even asked locals on reddit to get a better understanding of the rental calculations and local biases in the area. 

Most Popular Reply

User Stats

967
Posts
444
Votes
Ko Kashiwagi
  • Lender
  • Los Angeles, CA
444
Votes |
967
Posts
Ko Kashiwagi
  • Lender
  • Los Angeles, CA
Replied

Hi Ben,

I recommend finding investors and private lenders at meetups. If the numbers make sense and you can gain their trust, the deal will work out!

  • Ko Kashiwagi
  • 310-848-9776
  • Loading replies...