Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 over 4 years ago on . Most recent reply

User Stats

14
Posts
6
Votes
John Foresman
  • Clayton, NY
6
Votes |
14
Posts

Any Recommendations on Lending Sources?

John Foresman
  • Clayton, NY
Posted

Long story short, I am having some trouble funding a deal I found in my area. A 9 mo break in my employment from 2018-2019 seems to be disqualifying me from conventional lending sources, and only needing a $100k loan is a deal breaker at some other places. I am currently looking at a fully rented duplex giving me a 20% cash on cash return using the rental calculator. I have submitted information to a few of the mortgage brokers on the bigger pockets network and I have been blown off by all of them.  I am struggling to figure out where to go from here.  I have been told I should look into private lending.  I would like to place an offer but I would also like to know I can go through with the purchase without wasting everyone's time.  Any advice besides "wait for the next one to come around"?

  • John Foresman
  • Loading replies...