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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 8 months ago on . Most recent reply

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Joseph Lavoie
  • Rental Property Investor
  • Boston, MA
9
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8
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Financing Options For Low Dollar Value Rental Properties

Joseph Lavoie
  • Rental Property Investor
  • Boston, MA
Posted

I recently purchased and rehabbed a two bed one bath rental unit in Birmingham, AL that will be rented to section 8 tenants. The ARV on this property is just under $100k and I am struggling to find lenders who are willing to lend on such a low dollar value. I do intend to do more BRRRR deals in this area but the financing piece has been a hurdle. Has anyone else run into this issue with lower dollar value properties? I am open to any suggestions. Thank you!

  • Joseph Lavoie
  • Most Popular Reply

    User Stats

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    River Sava
    #2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
    1,966
    Votes |
    1,920
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    River Sava
    #2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
    Replied

    Hey Joseph, 

    As mentioned, a lot of lender won't go under 100k loan amount. Have you talked to any brokers? Might be worth it to have them shop around for you. 

    Also, I am from AL and grew up in the northshore (Newburyport if you know it). Would love to connect with you. 

  • River Sava
  • [email protected]
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