Recovering from economy, 600 FICO range lending options
Looking for quick option to buy 3 house from failed LLC, I'm a 50% member, deadlocked manger.
Court said I could buy assets for $120,000 includes 3 houses that when paid in will be free and clear. I'd love to use these as collateral on business line so I can make improvements, $10,000 or less, and resell or lease out. Total 3 houses value $180,000-$200,000+ repaired value.
Rents 650, $700 and 800. Rents going up after make ready or resell to exit and pay down line.
Also looking for primary residence new build I'm leasing with option. $215000 purchase price. Disabled veteran, would like VA 30 year best rate possible. Minor judgements will be paid. BK chapter 13 in 2010 dismissed 2014 Feb. 600 avg up down FICO. Working on credit following loss of job and financial hardships due to health, service connected disability. I see deals all the time. Was broker for 10 years. Kansas. Ideas?
Would welcome funding partner wanting 10 irr or better cash on cash.
Also have two rentals 10+ years owner of now paid off, approx. $135,000 equity. Looking for credit line or options to begin buying, rehab and sell/flip or go to long term financing. Family owns hardware store, class A construction company close fried. We can do this if we can find a funding source.