Which came first.. The deal? Or the Money?

[Jeremy Mattson]

Hi guys and gals, I am wondering what your best strategies are when it comes to finding deals and private lenders.. I recently purchased a duplex (house hacking) and am currently fixing up the unit as I live in it. I have found another deal on a duplex but do not have the funds to finance it as I have just recently purchased my duplex and am pouring all my available capital into the renovation. With that being said.. would you seek out private financing? Or pass on the deal as I have my hands tied up in my current project? Do you find private lending prior to finding a steal of a deal? Or vise versa? The deal I found was from amotivated seller asking 126k for the duplex but I believe they would take less. One side is trashed (tenants moved out and it needs a lot of cosmetic work.. thus the motivated seller and low price) the other unit is being rented for $800/mo. Thoughts? Much appreciated.