Any lenders funding under $50,000?

[Gerald Boone]

Are there any lenders financings deals under $50,000? In my market properties are selling for less than $50,000 or close to it. I purchased a property at auction for $11,500 and spent another $25,000 on renovations. The ARV is approximately $65,000. I currently collect $1,250 per month from Section 8. I would like to BRRR this property and move on to the next. Any lenders that's able to make this happen?

[Chad U.]

Originally posted by @Gerald Boone:

Are there any lenders financings deals under $50,000? In my market properties are selling for less than $50,000 or close to it. I purchased a property at auction for $11,500 and spent another $25,000 on renovations. The ARV is approximately $65,000. I currently collect $1,250 per month from Section 8. I would like to BRRR this property and move on to the next.

Any lenders that's able to make this happen?

Consider selling the property to an investor with 30%-40%+ down, and hold a 8-10% interest rate note for the remainder.  Then once seasoned sell the note to another passive investor.  You won't get all your money out at once, but 6-12 months down the line you will recoup all your investment and a nice return.   

 @Jay Hinrichs does this all day long