Funding for rentals

[Brandon Rose]

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.

[Nathan Gesner]

What your considering is high risk. You want to purchase rental property without putting any money down except borrowed money, which means you will carry a mortgage for 100% of the cost. That means you probably don't have any savings and most likely living paycheck to paycheck.

Nobody falls up the mountain, despite what the gurus try to sell you. If you want to build wealth, it's going to take some work and sacrifice on your part.