This is a great deal but Im having a hard time finding lenders

[Christian Walker]

So I am trying to buy this deal. The verbal contract is at 45k and needs about 10k in repair. The house has a back apartment. I will end up getting 2k per month from the deal but I am having a hard time finding lenders for it now for it being so low. It is appraised now at 60k and im not sure I can get the appraisal up much higher, maybe 70k. But as a business deal it should be worth at least 100k but the appraisers won't go off of cashflow. Does anyone know a company or a private lender that would be interested?