Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago, 04/16/2008

User Stats

9
Posts
0
Votes
Bill Walsh
  • Osteen, FL
0
Votes |
9
Posts

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

Loading replies...