Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago on . Most recent reply
Funding my next rental
We currently have three buy and hold rentals and it is going great. I want to purchase more but our credit sucks so traditional mortgages are out. Real estate prices here are super low so I would have to purchase a number of properties to hit the minimum loan amount for a number of lenders. A lot of our area is in a flood zone as well. So multiple obstacles, but I am determined. All assistance appreciated. Thank you.
Most Popular Reply
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
- 16,109
- Votes |
- 10,252
- Posts
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Originally posted by @Lindsey Price:
We currently have three buy and hold rentals and it is going great. I want to purchase more but our credit sucks so traditional mortgages are out. Real estate prices here are super low so I would have to purchase a number of properties to hit the minimum loan amount for a number of lenders. A lot of our area is in a flood zone as well. So multiple obstacles, but I am determined. All assistance appreciated. Thank you.
Low prices and flood zones sounds like seller-financing may be a fit.
Target tired landlords off-market vs Jack and Jill homeowners on the MLS.
Learn the risks of Land Contracts and how to protect yourself. Go get 'em!