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Updated over 8 years ago on . Most recent reply

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Melissa Cunningham
  • Real Estate Agent
  • Toledo, OH
5
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Newbie looking for HML or PML in Toledo Ohio

Melissa Cunningham
  • Real Estate Agent
  • Toledo, OH
Posted

I have my first property under contract and my financing has fallen through. I do not have a lot of cash on hand to finance my deal. Ideas please on how to find a PML or a HML that could do 100% financing. I am supposed to close on this deal August 8. Please help with ideas!

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Greg Scott
  • Rental Property Investor
  • SE Michigan
5,672
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

@Melissa Cunningham

How good is your deal? What is the purchase price vs. current value? What do you anticipate it needs for repairs and what is the ARV? I would be able to communicate those clearly, otherwise nobody will talk to you about this deal.

With a short fuse, I think your best bet is to contact BP members who are active investors from NW Ohio.  Also, call your local RIEA.  They should know somebody:  

http://toledoreia.com/

  • Greg Scott
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