She's looking for private financing.She co-owns, with her sister, a multi-purpose income property3 buildings - 2 residential units & 1 commercial unit = total monthly income of $3500Current loan amount $78K She wants financing to pay off current and get a new loan - total $125K Address is: 467- 475 N Melrose Dr, Vista, CA 92083She's had another offer and would like to entertain more.She's not doing traditional financing because her sister has a poor credit history.I'd appreciate any insight/help with finding someone who would be interested in the opportunity.Thank you!

Not only enlightening, but entertaining as Josh & Brandon bring their unique Joie de vivre to each podcastAlso simultaneously use the site to search for any topic of interest.Happy Holidays!

Or if i need entertainment I might respond.  

If it is a small local bank they may entertain selling off a specific property if you contact them but otherwise it is a waiting game until they're ready.

Because I am new, I'd also entertain birdogging for an investor for experience/ extra cash.Thanks for any words of wisdom

Essentially they look at the loan as a new credit and you may just want to entertain getting a new loan.

You can run the numbers with the calculators on BP but if we were entertaining an offer on the property especially if you want to build equity and pull it out when you refinance (BRRRR), I would go in no more than $30K to $35K. 

It's market is extremely active and will remain so for a little while longer; the solidity is grounded in geographic location, climate, diverse employment base (ever expanding), higher education, no state sales tax, hospitality/tourism, music and entertainment, the list goes on and on. 

@Jason StubblefieldHey Jason thanks for responding I am aware of the great BRRRR strategy and look forward to using it one day but this particular deal that I’m entertaining isn’t one of them even though I could do a 203k loan to get it rehabbed it would make more sense to utilize private funding to get this deal done.

Most homeowners understand the value of their property and won't even entertain working with you.