Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

115
Posts
43
Votes
Marcus Geiser
  • Investor
  • Pittsburgh, PA
43
Votes |
115
Posts

Frustrated: Find Deals and the money is the easy part, NOT.

Marcus Geiser
  • Investor
  • Pittsburgh, PA
Posted Jul 1 2022, 21:45

It seems every lender I have tried to deal with conventional wont work credit is not good enough. Working on it... Close.

I own my home. No Mortgage.

I own a Duplex that needs $40K renovation for $90,000 ARV Renting at $750 per side $1500 month. Aliquippa, repository property.

Good income, $5000 working capital, but the renovation will stall self funding to the tune of a couple grand a month. 

I also have another property under contract for $55K, $30K Reno, $125 ARV in a great school district, perfect flip or turn key for buy and hold. New Roof.

I also have a commitment to purchase a home on the same street that is nicest on the street, maybe cosmetic updates, well maintained. 

I could really use some direction, currently working on projects in Aliquippa, PA.

Loading replies...