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Updated over 3 years ago, 07/20/2021
How to get a loan less than $50k
Hi all. I am looking to purchase my first property. I am looking at some properties under $100k, and even under $50k. I am looking for 5 - 15 acres with or without a small structure/house. My plan is to build a cabin/glamping site to be listed on Airbnb.
My main concern is finding someone to give such a small loan. I have $10K budget for down payment which is >20% of a $44k single family property I am interested in.
How am I going to secure this loan??