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Updated almost 17 years ago on . Most recent reply

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9
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Bill Walsh
  • Osteen, FL
0
Votes |
9
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Still hurting

Bill Walsh
  • Osteen, FL
Posted

Hello
I have been a part of this site for many years but for some reason I have not been able to log on so I had to make a new account. i am sure once I am on here I will remember what it is that I am not doing right.
In any case I am looking for someone who has 65K to lend on a rental property that I will loose if I do not have the money to pay off a balloon payment on May 3rd.
I will consider all options, including hard money loan, I just need to carry this part the balloon payment so I have a bit more time to get convention arrangements made.
My "credit" is good but right now my debt/ income ratio is a little high. The appraisal has come back this week at 91K.
I am working with some brokers but the process is very slow. It is one property with 2 units on it.
I had myself so busy doing other things that this detail, slipped by and now I an scrambling. The rent it brings is about $1200 /mo
In loosing this income there is the potential that it might domino to other parts of my life, including my current residence, SO I AM REALLY LOOKING FOR A FINANCIAL ANGEL TO HELP OUT HERE
The thing that seems to be a concern is that it is built about 50 yrs ago. I have been updating and have a contractor living there working on it every day, so i do have additional plans to bring it up to current standards.
I really hope this gets directed to the right person.

Thank You
Bill Walsh

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