All Forum Posts by: Kevin A Holden

I've been looking into the option of using hard money loans to pay for rehab projects that I can fix, refinance for market value after construction is complete, and rent out in the north Texas area, but I feel like using a hard money lender requires a lot of up front costs and fees that tend to accumulate.  So I'd like to start searching for private money lenders.  I don't have anyone currently in my "circle" that would be able to finance these kind of deals so I'm curious to see how everyone else finds lenders to invest in their business.  Do you go to meets listed on bigger pockets or other sources?  Or is it just from word of mouth once all your friends and family have heard you talk about your aspirations or successes in real estate? I'd love to hear how anyone gets their foot in the door with private money lenders and would appreciate any tips if you can send them my way.

I am not the one purchasing.  I was trying to sell and a couple offered to buy it from me via seller finance.  I was wondering if my loan provider would have an issue with that.

Hi all! I'm new to the real estate investment world, and have been renting out my only rental for about a year and a half now. I no longer have a tenant so I've been looking for a new one when someone offered me an option to purchase the house via seller finance. We have come close to a deal that I have thumbed through and made sure fits our needs but I just thought to myself... can I even go this route if I bought the home with an FHA!? I hadn't even thought about it because I was a little eager to land a good deal, so I would like to know anyone's input. Are there any restrictions for FHA's that do or don't allow this? Any help is appreciated!