All Forum Posts by: Dave Mitch

Would a seller ever offer "seller financing" on a property? 

Hello.

I have very little capital liquid capital (3K) available, and have just purchased a home with a low down payment.

I see a slam dunk investment opportunity in some houses.  They are only worth about 130K-150K which is not a large home investment. 

Is there any chance to receive a financial backing to move ahead with this project? 

Like would a local bank meet with me and hear my sales pitch and consider backing/loaning to me? 

I know that i am bringing too little to the table for a real estate investor to partner with me.

Thank you for your feedback

Hello.

I work at Johns Hopkins Hospital, and have insight and resources to make a nice profit renting to a never ending pool of superior tenants. 

I have good credit but lack the net worth/owe to much on my own home to take advantage of this. I need a partner to provide the net worth/majority of the down payment (you would own more equity than me obviously) for a partnership. You would own the equity that you put down when we do a partnership contract.

I have two friends who own investment properties in a particular area near the hospital, and both were able to quickly and efficiently rent their homes out by the bedroom to grad students/residents at the Hospital using a strategy and resource i suggested that only a Johns Hopkins employee would have access to use.

My one friend closed on a home, and within a week had 3 graduate students under contract renting bedrooms from him in his 3 bedroom property, making a profit of about $500 a month after the mortgage. This was due to the information i gave him.