All Forum Posts by: Missi Smith

@Aaron K. Any suggestion on companies? I can’t seem to find one that has low lending guidelines.

Hi everyone, 

I am hoping that someone can help me or put me on the right path to find a solution here.  I am purchasing a single-family home on an owner financing contract.  My original plan for the home was to by it fix it up and either lease it with an option to buy or use it as corporate housing.  I has a private money lender that was a co-worker who invested the constructions funds and I supplied all of the materials.  

While in the construction phase the house caught fire.  There was a lot of damage that was caused by the fire department than the fire itself.  The insurance did payout and we were going to start getting everything back on track.  Out of nowhere, my PML tells me that he wants out of the deal due to personal reasons.  So, I had to pay him back his money.  Now I am out of money and I am spending money monthly on the owner finance contract about $550 per month. I am looking for some kind of funds to get this project completed.  I would love to keep this house and use it as a rental or corporate housing.  

All the hard money lenders that I have spoken to will not loan to anything under $100,000.  I would need around $50,000 to complete everything.

Please give me any advise on how to proceed here.  Thank you.

Hello Everyone! I am a newbie from the Upstate Anderson, Greenville, Belton, Greenwood, Abbeville etc. I am actively looking for lenders I have several deals that I would like to get closed at least 5 right now. They range from 30-62k. Anyone interested or anyone can give some advice I am interested. I will do a refi cash out. 

Hello,

I am a wholesaler in Greenwood SC... I am looking to connect with other investors and see what deals we can make happen.

Thanks

@Ed Emmons  I know Rock Hill very well.  I am originally from the surrounding area.  I will take you up on that offer.  Thank you!!

Thanks for the information and well wishes everyone!

@Doug Landeen PM me your info and we can go from there.

Hello everyone,

I am new to the investor world and looking for some advice.  I am located in Upstate South Carolina. 

Regards,

Anni