All Forum Posts by: Jamie Ware

If you have "Good Credit" why not just take out a personal loan? One Main, Springleaf or Cash Call are just a few that would lend to you with decent credit.

are they lending in just your state? 

good set up you guys will have...I might have a contact or two for you.

Larry, 

Private lenders set the requirements.  It's their money you're looking to borrower and everyone wants to protect their investment?  Wouldn't you?  

Gavin,

If I'm reading your post correctly, from my understanding you can't use your VA benefits to purchase an investment property or with a private lender.

If you're looking to purchase this duplex and you plan on living in it then you're BEST bet is to use your VA benefits 100% financing with a lower interest rate and save the down money of 10% to 20% and find another investment property that could potentially bring you in more cash flow that could pay your primary house mortgage payment.

I'm *not soliciting* or anything but I might have a resource that could help you out.  If you want to message me. 

Once you have the liquidated cash at hand you market on sites like this.....many investors are looking for MONEY and if you have it and are willing to understand you will LOSE some of it you'll be great at lending.  How much do you have available to lend?

I currently owe one investment property which is cashflowing well and my primary that I have had for 10 years now.  My question is similar....I'm a loan officer so I know the numbers of a deals.  

So just this week I have come across deals here in PA outside of Philadelphia.  

1.) City property was an auction deal starting bid was $100 went for $3850 city home but the area supported an ARV of $60k. The property needed about $30k of work. Yes I could have purchased the property but needed funding for the rehab. Would a lender take this deal on?

2.) Bank-owned listed at $117,000 my realtor partner felt we could have went in at $100k and was sitting in an neighborhood that support an ARV around $230,000. It would need cosmetic and staging I guessed about $20k of repairs. Could have put back on the market for resell within 90 days for $199,900 (Quick sale). Would there be any liable lenders that would have done this deal 100% purchase and 100% rehab cost? If there are private investors out there that lend in PA that would like these type of deals please contact me directly. I do come across these types of deals and have Realtors sending me stuff too. I just don't have the working capital to go after these deals when they come available.