Looking For The Lenders
We have been bombarted with people trying to unload there houses to us. Problem right now is finding the right lenders everyone we talk to will not do less then 50k we dont need that much to buy out these home owners. Is there anyone out there who has any ideas. We have tried to hard money lenders listed here and they want so much upfront makes the deal not worth it. As for normal types of lenders we find them not do able either due to the fact if we need the money for a year that is a long time.
So anyone out there know of a good route to go down to make these deals happen?
One of the things you can do is to get a line of credit. Then you can use any portion of that line for acquisition, and if needed rehab.
YOu might try going to Real Estate Investment Clubs in your area. Often Lenders attend. I've also found other investors that were willing to share Hard Money Lender names.
Also check your newspapers for "business opportunities" & some times there is a "$ to loan" section - call and ask the newspaper where they put such things. Good Luck