Sub2 And HMLs
Okay, so say you are out looking for deals and you find a house that looks like it could provide lots of good cashflow and you could get a really nice down and back end off of it. The only problem is the owners are a few months behind in the payments and you don't have the money to make them up. They need out of the house quick before it goes into forclosure and can't wait until you have a TB.
If you didn't have the money to make up the payments yourself, could you find a private lender or hard money lender to loan you the money to do the deal and just pay them back when you install your TB? What are you thoughts?
Mitchell
It's possible and a good idea, the only hurdle is that most private lenders want to be in first position. Granted your probably only borrowing small amounts of money, this may still stop some of the lenders from doing it.
The best lenders are those that you create. Talk to people and tell them what you do and see if they would give you chunks of cash to invest with.