Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 8 months ago on . Most recent reply

User Stats

5
Posts
1
Votes
Samira Davis
1
Votes |
5
Posts

How to obtain financing to convert a church to a house?

Samira Davis
Posted

Last year, I bought a church and a parsonage. I subdivided, sold the parsonage, and the proceeds paid for the church. I want to convert the church into a house, which will cost about 100k. I am not looking to take equity out against my house, and my other 2 rental properties are already going through a cash out refinance to pay for renovations of a fixer upper that I am buying. Land that I already own is listed for sale, no dice, not looking to reduce price. Third rental has some equity and I'm planning to sell this fall, but not enough. Great credit. Any ideas?

Most Popular Reply

User Stats

1,146
Posts
345
Votes
Replied

Private money lenders, search on Facebook groups and meetups and they can fund it but interest would be around 12 percent though and they may look for collateral

Loading replies...