All Forum Posts by: Eduardo Cambil

Looking for Hard Money Lender for $50K or Less – 10-30 Year Mortgage?

Hey BiggerPockets Community,

I’m on the hunt for financing options for properties priced at $50,000 or below, and I’m running into some roadblocks. I’m hoping someone here has insights or recommendations!

What I’m Looking For:

• Loan amounts $50K or less
• 10-year or 30-year mortgage terms (not just short-term fix & flip loans)
• Ideally 100% financing or very low down payment
• A lender that finances buy-and-hold rental properties

What I’ve Found So Far:

I’ve come across a few lenders like RCN Capital, EquityMax, and some credit unions, but they either:

• Have high closing costs ($3K-$5K+ on a $30K loan, which is crazy)
• Only offer short-term hard money loans (12-24 months)
• Require large down payments that don’t make sense for small deals

I’m open to hard money lenders, DSCR loans, or any creative financing solutions that could work for these lower-price-point properties.

Questions for You All:

• Do any hard money lenders offer 10-30 year terms on $50K or lower loans?
• Who’s financing buy-and-hold rentals at this price point?
• Any strategies to reduce these insane closing costs?
• Have you successfully borrowed at this price level? If so, how?

I’d love to hear from investors who have tackled this issue before. Any referrals or experiences would be super helpful! Thanks in advance.

Looking forward to your insights!

Thank you for your insight! I completely understand the caution around OTC properties and why they often end up unsold at auctions. I agree that many of these properties may not have immediate value, but I'm hoping to find some gems that could be flipped for quick profits, especially in more rural or undervalued areas.

That’s exactly why I’m looking for a coach or mentor – someone who has experience navigating OTC deals, can help me avoid the pitfalls, and guide me in identifying the properties that do have potential. I realize it’s a challenging path, but with the right guidance, I’m optimistic that it could work.

If anyone knows someone who has successfully done this, I’d really appreciate a recommendation! Thanks again for your feedback!

 I do understand, but sometimes a lot of deeds go on auction the same day, in different counties at the same time, meaning that a lot of the properties could not be bought. What I'm mainly looking for is OTC Land to sell it quickly for quick profits. If anyone knows of a coach/mentor who can guide me through this process I'll me more than grateful!!!

Hello BiggerPockets Community,

I’m Eduardo from Spain, and I’m eager to start investing in Over-the-Counter (OTC) tax deeds in the U.S., specifically focused on land for quick reselling and profits. I’m looking for an experienced investor or mentor who can guide me through the process of acquiring and reselling OTC tax deeds.

Rather than paying for a course, I’m hoping to find a business partner or coach who’s willing to offer hands-on guidance in exchange for a share of the profits. My primary focus right now is to invest in land that can be resold quickly for a profit.

Here’s what I’m looking for:

• Step-by-step guidance on finding, purchasing, and reselling OTC tax deeds.
• Knowledge of land investments specifically, as my goal is to flip properties for quick returns.
• A long-term partnership where we can both profit from successful deals.

If you have experience in OTC tax deeds and are open to partnering or mentoring, I’d love to connect. Feel free to reach out to me directly at WhatsApp +34 658 774 506, or message me here.

Looking forward to connecting!

Best regards,
Eduardo

Hi Micki, caan you please send me a whatasapp message so we can talk about it, +34658774506.   Thanks in advance!!

Hello BiggerPockets Community,

I'm Eduardo from Spain, an international investor eager to learn and dive into the U.S. real estate market, specifically focusing on Over-the-Counter (OTC) tax deeds. While I have investment experience, I am new to tax deed investing in the U.S., and I am looking for someone who can guide me through the process of purchasing and reselling OTC tax deeds.

Rather than buying expensive courses or programs, I’m seeking a business partner or mentor who is genuinely interested in helping me learn by doing. In return, I’m willing to offer 50% of the profits from our reselling ventures. I’m looking for someone who is experienced and willing to collaborate long-term, not just sell me a course.

Here’s what I’m looking for:

• Practical Guidance: Step-by-step help in acquiring and reselling OTC tax deeds, especially for someone like me who is outside the U.S.
• Business Partnership: I’m ready to work together, split profits, and grow our business.
• No Sales Pitch: I’m not interested in buying a course—I want a hands-on learning experience and someone willing to partner or coach as we work on real deals.

If you're experienced in OTC tax deed investing and are open to partnering or guiding me in exchange for a share of the profits, I’d love to connect. Let’s build something profitable together!

Feel free to reach out to me directly on WhatsApp at +34 658 774 506 or comment here if you’re interested.

Looking forward to hearing from the right partner!

Best regards,
Eduardo