All Forum Posts by: Brandon Battle

Adam,you need to find a portfolio lender with different loan criteria like a local(non national) bank who invests only in the community or a direct lender like New American Financing and such.Big banks like Chase or Bank Of America won't touch you these days after the 4th property.

Put out this opportunity in the investors marketplace in the dashboard.Type of property,asking price,potential home value after repairs,etc.You could get several deep pocket cash investors competing to be your partners and willing to take a smaller percentage of the profits than others.Good luck to you!

Try calling local local real estate agents who work with investors.They hear all the good and the horror stories about every contractor in the neighborhood your property is in.Tell them to give you three good leads on a general contractor if you need that higher level of full service.

The bank wants its money,all of it.If it was a bank foreclosure sale it would be handled by the court and usually done at a courthouse or other designated area.The bank will always bid first for the full amount of what is owed and you have to beat it or let them take it back and negotiate directly with the bank for a lower price.If that's not exactly what's happening here I wouldn't touch it with a ten foot pole.Go back to the bank and get more information and verify the bank is or is not foreclosing on the property at this time.

Several ideas come to mind.Find an investor or two with "bigger pockets" cash wise than you do right now and cut them in on the deal.You offer to handle everything like rehab costs and the actual work of getting it done(dealing with contractors,real estate agent,etc) and just let them use their cash to pay for the initial purchase.An out of state cash investor like me might want to get in on a nice deal like that.Another idea is to wholesale the house for a smaller but,quicker profit.Get it under contract for a rock bottom tasty price and sell it to a bigger pocket investor before the deal closes.There are plenty of hard money lenders if you want the entire potential profit .Make them compete for your business.

Hello everyone,I am really looking forward to joining the group and getting great advice on preparing for my first property deal.I am in the process of educating myself on everything I need to know to get started and hope to learn and partner financially with someone willing to teach the business.See you all next month!