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Updated over 5 years ago on . Most recent reply

Derrick Wortman's profile image
Derrick Wortman's profile image
Derrick Wortman
  • Rental Property Investor
  • from Newton Falls, Ohio
  • Member since Apr 15, 2019
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User Stats

22
Posts
8
Votes
Derrick Wortman's profile image
Derrick Wortman's profile image
Derrick Wortman
  • Rental Property Investor
  • from Newton Falls, Ohio
  • Member since Apr 15, 2019
Connect
Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
8
Votes |
22
Posts
Creative Real Estate Financing

Need loan to buy $15,000 House.

Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
Posted

Hey All!

There is an investment property in Ohio very close to me that is for sale for $15,000. I have a few thousand but not the entire $15,000. I know I could easily fix this up for $3000 and start renting it out for $700 at least a month.

My question:

How can I get financing for $13-15k to purchase this house. Are there specific loans I can only get to purchase an investment property? Thanks everyone!!

-Derrick

1 Vote
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Elijah Brown's profile image
Elijah Brown's profile image
Elijah Brown
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Jun 24, 2015
  • Posts 68
  • Votes 235
  • Experience 9 Yrs
  • Investments 11
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User Stats

68
Posts
235
Votes
Elijah Brown's profile image
Elijah Brown's profile image
Elijah Brown
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Jun 24, 2015
  • Posts 68
  • Votes 235
  • Experience 9 Yrs
  • Investments 11
Connect
Elijah Brown
  • Rental Property Investor
  • Phoenix, AZ
235
Votes |
68
Posts
Elijah Brown
  • Rental Property Investor
  • Phoenix, AZ
Replied

@Derrick Wortman put it on a credit card with 0% interest for 12 months

5 Votes
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