All Forum Posts by: Elvis Acheampong

Hello Elvis!  I do not have much actual experience but I had a broker license for about 30 years and also during that same amount oof times I worked and managed much of construction work.  I can say that you might be able to have success with a Private or hard money lenders.

Those lenders are typically short term (6 to 12 months) and you may have to refinance after their time period but,hopefully, by then you have increased that value so it’s very important to get an add-value and made it more property more valuable and will satisfy the long term lenders.

You could also get a “cash rich” partner but you might have to give 25 to 50% of the profit to them.  I am concerned of long distance investment and a responsible and trustworthy local person too help you.

Another possibility is owner financing which usually is more flexible that can help you more hand that you could help the owner get closer to their asking price and the interest you could afford to pay.  Show them what it could make the seller on paper.

That’s about all I can think of.

Good luck to you!