14 August 2018 | 9 replies
Find yourself a hard money lender, portfolio lender or private investor.
10 August 2018 | 7 replies
That would definitely be out of our reach, the 203k FHA loan would still remains our best bet as of right now.
10 August 2018 | 1 reply
Except the borrower would need to put down approximately $500,000 minimum, and he doesn't have that.He does have a few other SFR properties, but can't sell them in time to make the deal work.I told him he needs a private investor, but it doesn't seem he's going to find this.
28 August 2018 | 4 replies
I am not sure if your loan officer would get a better payday but a safe bet is that if they do not have investments themselves I would steer clear of their advice until talking to others with investment experience.
9 August 2018 | 6 replies
Because then your broker won't get paid on the your mortgage that he just sold to the actual lender, and that would make him sad.I'll bet if you ask someone who will make money by selling - like a real estate broker - they will say you can sell it as soon as last week.
27 August 2018 | 6 replies
I don't see why he wouldn't try to raise that remaining $120k privately, or go back to the bank.
9 August 2018 | 1 reply
First you'll need 20% of the ARV to put down and then you'll need to reach out to private money lenders for the rest.
9 August 2018 | 2 replies
what is lot rent, what is the utilities....private or city water/sewer.
9 August 2018 | 2 replies
How does someone in my position with the experience of finding the best deals, knowing multiple contractors for repairs, and the capacity to put it all together, find private lenders to fund deals?
10 August 2018 | 4 replies
Working with a private bank to see about 10% down with interest only until the property is built.