All Forum Posts by: Terry Sutherland

 I can see your side and understand that.   Even if was worth half, that would be 60 k, fully remodeled house that can cash flow 600 a month. Houses rent in area for 900 for 3/2. Just seems like a no brainer to me. Idk.

I didn't realize there was a such thing as too good of a deal , until I contacted a hard money lender , and a credit union . Basically I found a great deal. House valued at 120,000 (tax assessment) .The home is a 3/2. 1964sqft.  Fully remodeled new cabinets, countertops. Fresh paint beautiful hardwood floors, Vinyl siding etc. Price has dropped several times by 10 to 15,000 . It is now only 25,000. Problem is can't get a hard money loan or conventional loan from credit union. Hard money man says is too low, something must be wrong with it.  I said no , he says not interested.  Credit union says it's not enough of a loan amount to do. Has anyone had this problem with getting funded on a great deal? Am I missing something? 

thanks guys. Have definitely enjoyed reading as well as watching  youtube from bigger pockets. Have learned a lot already,  and looking to keep learning and growing. Thanks for the welcome. 

Hello, my name is terry sutherland.  My wife and I are new to rei. We want to get into buy and hold real estate as well as flips. I have over 15 years experience in maintenance and construction feilds. We're very excited to get into the bussisness of real estate.