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Updated about 8 years ago,

Joe Henderson's profile image
Joe Henderson's profile image
Joe Henderson
  • from Kissimmee, Florida
  • Member since Nov 12, 2016
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Joe Henderson's profile image
Joe Henderson's profile image
Joe Henderson
  • from Kissimmee, Florida
  • Member since Nov 12, 2016
Connect
Joe Henderson
  • Kissimmee, FL
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Creative Real Estate Financing

Financing Investment Condos under $50,000

Joe Henderson
  • Kissimmee, FL
Posted

I have located several condos that I think would be profitable long-term rentals. Each one is under $50,000. 

I want to buy several, and I want to finance the purchases, but I have not found any lenders that extend less than $75,000 per purchase. The only option I have found is three-year personal loans with interest of around 23%. 

Does anyone have any strategies for financing this transaction?

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