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Updated over 3 years ago on . Most recent reply

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43
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Robbie Case
  • Needville, TX
8
Votes |
43
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In need of a lender. Offer submitted to beat deadline, need POF

Robbie Case
  • Needville, TX
Posted

Neighbor to one of my rentals listed their property last week. The cutoff to submit offer was today, so didn't have time to secure financing prior. I have one partner that will cover 25%. We only gave ourselves a few days for option period, so now I'm hustling to find a lender as most all of my equity is tied up in rentals.  Any guidance appreciated! 

  • Robbie Case
  • Most Popular Reply

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    J Scott
    • Investor
    • Sarasota, FL
    17,205
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    J Scott
    • Investor
    • Sarasota, FL
    ModeratorReplied
    I would recommend visiting a local REIA meeting, signing up for local Facebook groups, looking for local Meetups, etc.  From there, you can either solicit local lenders (who likely won't be concerned about it being rural), or potentially find a money partner (an equity partner who can provide the funds, either temporarily or long-term).

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