finance for cheap properties in Detroit under 25k?

Asked by Gura, West Palm Beach, FL Mon Apr 21, 2014

Hello
does anyone know how can i finance properties in the city under 25k?
lending companies offered me finance if the property value is over 35k only.


I can be contact also at guraltd@gmail.com
thank you
Daniel

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Answers

3
CreativeRea…, Agent, Oak Park, MI
Thu Feb 4, 2016
We offer Fast Hard Money Loans To Help Avoid Foreclosures, for Refinancing, Purchases and Private Money.

We can fund your deal in as little as 7 days. Application is fast and simple.

Contact Al at: 734.564.4640

Unlike other lenders, we focus almost completely on qualifying the value of the home rather than the borrower, resulting in a fast, simple approval process remarkably free of hoop jumping. In other words:

No credit check and no credit reporting
No income verification
No asset verification

Is this your situation?

- Do you need some cash fast?
- Did you get turned downed by another lender even though you had a big down payment?
- Do you want to finance your property and put cash in your pocket?

Contact Al at: 734.564.4640
0 votes
Video Inspec…, , Detroit, MI
Mon Apr 21, 2014
I use to be in the mortgage business and I can tell you most lenders don't like loan amounts that low. you're better off finding a private lender or land contract.
0 votes
what is the lower you think lender will do?
Flag Tue Apr 22, 2014
Josh Barnett, Agent, Chandler, OK
Mon Apr 21, 2014
I saw an article where Detroit is auction their surplus housing market at 1,000 dollar opening bids. Buyer's may not need financing at these low of prices.
0 votes
these houses will not end at 1k and will need a lot of money in rehab.
Flag Mon Apr 21, 2014
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