All Forum Posts by: Jerome C Brown

I'm having trouble with trying to find hard money lenders to lend to me because of the amounts of my purchase. The amounts of the purchase price of the properties that I'm pursuing are only $20,000 with a $15,000 rehab as well as a $14,000 and I keep getting denied because they only lend between $70-100k . I live in a landlord market and the properties are very very cheap here so cheap i want to get out of wholesaling an purchase. i have one under contract for $5k are there any lenders that will lend to me on the low end. im willing to go over and beyond and put my blood sweat in tears in my business just looking for some guidance

i have some properties under contract that i intended on wholesaling but at this point there listed and i actually want to purchase do i need good  credit or can i purchase under my business name. any help would be appreciated

i have a deal in steubenville ohio not sure if the numbers are right also i have been having luck with wholesaling through realtors but it seems that i am bound by their listing price. i have a house under contract for 20k but its listed at 24,900 it has a tenant in it paying $650 a month month to month so I had a buyer wanting to pay $36k for it because the repairs are mininum  and its a great deal but when they seen it listed he told me to crunch my numbers better. I thought that since i was under contract that noone could get it from under me but i guess thats wrong. its a deal but the spread is smaller i still plan to wholesaling but i was thinking about purchasing it as well for the cashflow but i dont know how to get a loan for it. Any advice

 can i have that information as well

 yes i have a BHAG mine is i started and i am currently wholesaling things are starting to go well. I have been wholesaling land as well as single family homes. my goal is to become the cash buyer to have properties for cash flow as well as be a fix and flipper. There is a need for sober living houses and i live in a landlord market but there are so many abandoned houses here and im a recovering addict with a substantial amount of clean time. Here in my town there are alot of abandoned properties for cheap so i plan to buy them and open up houses for these individuals who are excited to hit a milestone of a year or more and graduate there treatment programs but they have no where to rent so, im applying for grants an learning about what i need to do to purchase these properties and to fix them up. so essentially i would say that the big goals would be to be the cash buyer but also give back as well

 congratulations this just encouraged me, im still in the wholesale part of my business and im trying to get to where you are so i just wanted to say congratulations

 Its in Portsmouth Ohio an it's not the deal it's the purchase price an I want to buy it an fix it up 

 No the property is for sale for 5k I want buy it an put money into it an sell it or use for cash flow

 Help