BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated 8 months ago on . Most recent reply

Financing Options For Low Dollar Value Rental Properties
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!
Most Popular Reply

- Lender
- USA
- 1,966
- Votes |
- 1,920
- Posts
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.