Classifieds
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

Investor or Hard Money needed in Tampa- PLANT HIGH SCHOOL
The below property is a listing I just took.
http://www.century21.com/property/4410-gray-st-w-tampa-fl-33609-C2125848955
I'd like to live in this property with my family. I can't get a mortgage because my credit is a little too low, at 595. 18 months ago I had a 720 score and then I switched banks and moved and didn't manage to transfer my student loans to the new bank or get mail forwarded. 5 months before they called me asking for money and my score is in the tank.
I'd be willing to pay 7% interest with 5% down payment-coming from my commission as a 'hard money' loan. I'd refinance in 6-12months. This would be my primary residence.
Alternatively if you wanted you could purchase the home, rent it back to me at $1600/month and give me a 'purchase option' at $195+closing costs after my credit is repaired I would be willing to do that. Rent payments would not reduce the purchase price.
I can pay off/down my credit cards in the next two months and my credit should repair naturally from that to 640 over the next 3months so I've been told.
Note-the seller knows I'm reaching out to investors/hard money to try to buy it myself and doesn't mind. Nothing cagey being done here and I"m still showing to buyers/buyer agents.
Most Popular Reply

@Devon Garbus If you source any buyers that are looking for financing feel free to have them reach out to me. We can offer 90% of purchase and 100% of rehab. We are a direct lender.
- Sean Richway
