Originally posted by @Steve Babiak:
Originally posted by @Conway Churaman:
Well that's an idea. I was thinking more along the lines of a hard money loan and then flipping a property but that might take too long.
Hard Money Lenders (HML) like Hard assets to serve as collateral to secure any loan; what would serve as collateral in your case?
Find a good deal and you might get a HML to fund the acquisition, but that wouldn't exactly put the cash in your pocket, which it sounds as if you need.
To be honest, I am in an absolute emergency because I don't want to lose my friend. However, at the same time I don't want to miss out taking advantage of any good deals I am able to find even if it takes several months to set up. Heck, If I knew what I was doing I would get into wholesaling storage space companies. The finder's fee on one of those deals are huge! And they are all over Florida. The plan was and is still to get an hourly position in something related to the RE industry that would pay my bills until I can wrap my head around the market and get a few deals under my belt. Now I am forced to do something crazy and immediate to get cash in my pocket now. I would like to see this thread continue. I have a feeling I might see here some crazy intense strategies posted here. Nothing like pressure to focus the mind.