Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 17 years ago on . Most recent reply

User Stats

15
Posts
0
Votes
JoDee Randall
  • Real Estate Investor
  • Traverse City, MI
0
Votes |
15
Posts

access to investors; short sale gurus

JoDee Randall
  • Real Estate Investor
  • Traverse City, MI
Posted

Hi
I have come across a foreclosure on a home that I can get for 25% ltv! I really want to get into this house - it does have mold damage to it, but I think that that will be my bargainingt tool with the bank to bring it to living stature. My thought with the history of the property being listed for 4 years - I don't believe it will flip for a couple years. It needs updating of which I plan to do. My plan would be to seek alternative or private financing for a lease to own option, or a partnership and I would live in it while paying the mortgage and doing the updates... then I would either pay off the other investor, or we would split the profit... I can get this home I think for 120k - looking for either cash investor or financing.... Any ideas on who or where I can find this? Or who can walk me through this process? I have access to many of these type of situations... it could be extremely lucrative I believe! :idea: :roll: 8)

Loading replies...