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Updated about 5 years ago,
Funding for rentals
Good evening. Hopefully I'll get some responses. But I feel like I've found a great rental market and know the area very well. How does one go about getting funding for low costs rentals. I know most HML prefer to not lend on homes less than 50k. But this market is prime, I believe. There's always a large volume of renters looking for good homes and a limited supply of these homes available. I could be all in on a home at $30k and rent it out between $650-750. PML isn't really an option. Any help or even anyone interested please feel free to comment. Thank you.