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Updated over 6 years ago on . Most recent reply
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Investment loans / lines of credit for purchasing houses
Do you know anyone who provides loans or lines of credit on homes that are in the arv range of $30,000 to $50,000 range?
I would like to purchase a home that is not fixed up and sell it to somebody else with terms, but would like to do it with someone else's money. I can then flip it to a note buyer to make my profit. If I could work out a long-term thing that be great, because I can keep the difference between buyers payment and my loan payment.
I know going to a local investment club would be a good thing, but I like the new one on my own so I can show them that it actually works.
Please if your a loan officer and you see this and your offering your services, know that I do not believe in paying for loan processing Docs unless it's through the closing.