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Updated almost 16 years ago,

User Stats

59
Posts
8
Votes
RAY BROGDEN
  • Architect
  • CAMDEN, NJ
8
Votes |
59
Posts

Need financing for a 35K house

RAY BROGDEN
  • Architect
  • CAMDEN, NJ
Posted

I would like to buy house for 35K that has a renter in the property for 650 a month. I will be wholesaling it out but I want to work on the plan G if i get stuck buying the property. I was wondering as of right now i can qualify for conventional mortgage, how can i buy this property without partners or OPM b/c i would be up against the wall and no one would buy it from me at a wholesale price.

I hear getting a mortgage less than 50K is very difficult. Is this true? Anyone have any thoughts?

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