All Forum Posts by: Angela Burton

@Sheila Campbell

Wholesale, don't need money.

I have a possible lead on an up and down duplex, it's a pre-foreclosure here are the details:

1. FMR can be up to $750 per unit, currently rented
2. ARV around ($74,000) to $108,000
3. Approximate amount in arrears $56,000, original principal balance $76,000.
4. Payment approximately $1,161.26, variable rate floor 9.1%-ceiling 15.1%

My goal is to sell to another investor, not hold if I can help it.

Which transactional funding can you use to buy a short sale in Pennsylvania?

I stumbled onto HF buyers, they buy from whomever can deliver the deal to closing table, they can work with agents but they can work with anyone. The best deals are the ones that come directly from the rehabber, most HF's can close in 20 days or less.

You just have to spend time putting yourself out there, the properties they buy are easy enough to find it's the real HF buyers that are difficult to locate. I'm in Pittsburgh, I sell properties to HF's in Pittsburgh, GA, MO, IN, OH, TX, AL, you name it.

I do sell to HF's, they prefer clean titles so I get my supply directly from rehabbers or wholesalers.

If you want to be able to compare multiple offers, rates and terms and perhaps using OPM other peoples money, you should consider working with a business/commercial loan broker. Often you can supply your own credit reports, which has no impact on your FICO score.