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Forums » Seeking Financing, Money, or Loans » Looking For Private Money For Real Estate Deal In Oregon

Looking For Private Money For Real Estate Deal In Oregon Subscribe to Looking For Private Money For Real Estate Deal In Oregon

7 posts by 6 users

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I am looking for a private money to purchase a real estate deal in Oregon. I have a 3 bedroom 2 full bath 1260 sq. ft home sitting on 2 acres of land valued by the county at $405K. I need $320K to purchase this property. I am willing to pay your 320K+8% in 6 months. The property currently has a renter who I am working with to purchase the property in 6 months or less. I cannot obtain regular financing at this time due to some credit issues.

Another option is to borrow $40,000.00 @15% interest. I will make interest only payments of $500.00 per month for 6 months or less. I will pay you $40,000.00+15% at the end of 6 months..please let me know if anyone can help me.


SFR Investor · Rancho Cucamonga, California


Roy, typical hard money lenders will loan under 70% of appraised value, so 320/405 = 79%. Interest rates would be closer to 10-15%.

Going to be a stretch to find anyone here that would make this deal work as is with you.


Real Estate Investor · Harrisburg, Pennsylvania


Hello.

this is probably not the 'perfect' for your post. This is the place to introduce yourself and tell us some more about why you are her and what you hope to achieve.

Check out the "Financial, Tax, and Legal" forums and re-post your message.

BTW, update your profile badge when you get a chance. This is your 'avatar' that currently looks like a shadowman holding a dollar sign. You can use any picture you would like.


Real Estate Investor · Wheat Ridge, Colorado


Moved to seeking financing forum.

County valuations aren't very relevant. What's it really worth?

Cuca's right, you're probably looking at 70% max of the value for a hard money loan. Probably looking at 12-18% and 0-6 points. As in 12% and 6 points, 18% and no points or some combination in between.

Plan on the points coming out up front and monthly payments.

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


· San Jose, California


[REMOVED]

Yes it's true we provide the funding and yes you can flip with no cash and no credit,simple as that!

Cost of Funds is 1% plus $300 flat fee all paid from your profits at closing. Buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000.

You keep $50,000 minus 1% (1,000+$300 flat fee). You pay for the use of the money from your profits at closing, meaning no cash out of your pocket to use the funds.Locate Assets held by local Banks and Credit Unions for our Asset Buyer. Earn 1/2% on Bulk/Packages of Assets that Banks are looking to sell. Banks must get these Multi-Million dollar asset packages off their books. Our Hedge Funds are looking to buy these assets.

Proof of funds letters ready for your transactions within hours! Happy Investing to You....


Real Estate Investor · Altus, Oklahoma


Originally posted by Carmen Lozano
[REMOVED]

Yes it's true we provide the funding and yes you can flip with no cash and no credit,simple as that!

Cost of Funds is 1% plus $300 flat fee all paid from your profits at closing. Buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000.

You keep $50,000 minus 1% (1,000+$300 flat fee). You pay for the use of the money from your profits at closing, meaning no cash out of your pocket to use the funds.Locate Assets held by local Banks and Credit Unions for our Asset Buyer. Earn 1/2% on Bulk/Packages of Assets that Banks are looking to sell. Banks must get these Multi-Million dollar asset packages off their books. Our Hedge Funds are looking to buy these assets.

Proof of funds letters ready for your transactions within hours! Happy Investing to You....

Do you only deal in California?



Thank You all for the advise..I thought the title of this forum is (Seeking Financing, Money and Loans).




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