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Updated 17 days ago,
Looking to build relationships with lenders
It’s amazing how as time goes on that the deals begin to look for me rather than me looking for the deals. I have a line on 1 or 2 off market deals that will need a total renovation. These just suddenly fell in my lap. I am going to look at one of them seriously as the owner had pretty much abandoned the property and I believe it can be purchased for in the teens. I would like to see if any private lenders would be interested in developing a mutual arrangement that works well for both of us. I own some rentals, have a property manager, a good realtor , am currently renovating a home for a long hold rental, I have pretty good credit, and a good w2 job .i have a construction background and a good amount of reserves. I would see these deals through with renovation and most likely cashout refinance to payback the lenders and use the home as a rental. Selling , renting, refinancing would be my exits. Thank you in advance for your time!