Updated over 3 years ago on . Most recent reply
Refi low price properties
Hello,
Over the last 8 months I have purchased, rehabbed, and rented out 3 properties in Topeka. I own them all free and clear, but I am Now out of cash & would like to pull cash out of them to repeat the process.
My issue is that I can’t find a lender to lend on ~$40k properties, even at low LTVs. I found one lender that does portfolio loans, which allowed me to hit the minimum loan limit, but they required property values of $50k for each property even inside their portfolio.
Any leads on someone who has a very low loan limit or will do a portfolio to hit it would be greatly appreciated!