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Updated about 3 years ago,

User Stats

176
Posts
23
Votes
Gary Dezoysa
  • Orlando, FL
23
Votes |
176
Posts

Direct purchase from a lender as a new private investor

Gary Dezoysa
  • Orlando, FL
Posted

I've seen numerous posts here that it's slim to nil a lender will directly deal with a private investor with no history. Why "history" matters I don't have a clue since it seems like a straight purchase and sale, maybe their time or information is that precious.

Other posts shine rays of light and say it is possible to find lenders willing to show their inventory with enough outreach.

I'm targeting Ohio and maybe a couple other states depending on how many calls I might need to make. Do you guys think if I make 50 calls a day, I'll find a lender willing to sell direct to me? Or is this a complete moonshot? 

I have no experience. But I do have 50k plus another 5-6k/month to invest. I'm targeting NPN notes on houses around the 50-80k FMV range.

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