All Forum Posts by: Gianluca Piovani

Hi guys, thanks for responding. @Matthew Meikle feel free to connect with me in private and I will give you more information. @Jon Reed I will definitely take care of the due diligence.

However, this discussion is specifically about financing. I'm interested in what would be the best way to get a small loan of 30k in this scenario.

Hi everybody, I decided to move my first steps towards real estate investing and was hoping to get some help in understanding my financing options.

I live in California, and I have the opportunity to purchase a multifamily property in Cleveland. The purpose would be rental income.
(The deal is through a friend who runs a property management company there, he has years of experience and he's a person I trust)

The property value is 20k, which I have. I'm looking to finance the rehab, estimated to be around 30k. The expected rent after rehab is $1450.

I don't have any experience with loans or financing, so I'm not sure what my best option would be. I've read that for small loans like this it's difficult to find a lender. My credit is very good and I often receive offers for personal loans - could this be an avenue?

Thanks in advance for any help you can give me!