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Updated over 8 years ago,

User Stats

34
Posts
14
Votes
Joanna Gossett
  • Rental Property Investor
  • Greenville, SC
14
Votes |
34
Posts

Financing for loans under $75K?

Joanna Gossett
  • Rental Property Investor
  • Greenville, SC
Posted

Does anyone have any suggestions for financing buy/hold deals under 75K? We're looking at buying a few apartment units or small SFH that are in the 50-75K range (ready to rent with minimal work) and are finding that most conventional lenders don't have interest in loans that small. We have enough cash for 20%+ down on multiple properties in this ballpark, but ideally want to purchase a few through some type of financing vs. paying cash for fewer properties. Any thoughts on recommendations for lenders that will lend smaller amounts?

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