Looking to build relationships with lenders
It’s amazing how as time goes on that the deals begin to look for me rather than me looking for the deals. I have a line on 1 or 2 off market deals that will need a total renovation. These just suddenly fell in my lap. I am going to look at one of them seriously as the owner had pretty much abandoned the property and I believe it can be purchased for in the teens. I would like to see if any private lenders would be interested in developing a mutual arrangement that works well for both of us. I own some rentals, have a property manager, a good realtor , am currently renovating a home for a long hold rental, I have pretty good credit, and a good w2 job .i have a construction background and a good amount of reserves. I would see these deals through with renovation and most likely cashout refinance to payback the lenders and use the home as a rental. Selling , renting, refinancing would be my exits. Thank you in advance for your time!