After due diligence I've found a unique opportunity here in Tampa for my first Buy & Hold / Investment Property.Check it out here: http://tampa.craigslist.org/hil/bfs/5288047735.htm...

Hard money lenders tend to focus on the value of the collateral rather than the borrower's ability to repay, FICA score, debt to income balance; instead of based on their own personal income or other assets, as is common with traditional lenders.

Can some provide advice on how I can find an investor to loan us the 390K to purchase the building for either repayment with great interest over 5 years or become partners going forward.

Can some provide advice on how I can find an investor to loan us the 390K to purchase the building for either repayment with great interest over 5 years or become partners going forward.

The tenant just needs enough info to uniquely identify the account holder (such as full name including middle initial, or name and address)  Unfortunately they no longer permit cash deposits by non-account holders for regular checking accounts.

Now you can take the $300k and either buy more properties all cash or repay your LOC on your portfolio and search for the next great set of deals.

Some properties take a little more research because they might be more unique.

Each incident is unique and depending upon the circumstances of the loss, a variety of outcomes may be possible.

I totally agree with you Bob, I just have a unique case I was working on and am trying to see if there might be any value in this direction.

When we send investors deals to review, we want to be certain that we are delivering a product that meets their unique needs.