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Updated over 7 years ago,
Private Lender help & information
I'm looking to buy a foreclosed home that is currently not getting any offers & has been sitting on the market for 129 days. The only problem is, I need to figure out funds & private lending. The original listing price was 150k which was lowered to 145k then 139k, 134k and they just did a price drop to 114k.
The house needs a lot of tlc but once remodeled will be well worth it. Where is a good place to find local private lenders? Or creative ways to go about this deal? I've never bought a foreclosed home, only owner financing. I have my own home and an apartment complex I currently own through owner financing... How would I get started with this deal?