I have found more than 20 deals in the last month but can't get any bank or private lender to back me.

The insurance was by the original mortgage company, but the mortgages were bought by private investors and the original mortgage company is nowhere to be found :-/

Hi David, some suggestions would be to learn as much as you can, Typically I would not want to use my own money, private funding is what you want to aim for.

As I revealed prior to house values are generally dropping inside Memphis as well as the fall with regard to homes price ranges may cause an issue for a couple regional home vendors, unfortunately can be creating some sort of opportunity for opportunistic house buyers.It is actually superior with understand there continues to be low-cost housing around the particular United States and also really good house ordering solutions are out there within certain areas.

There's always tomorrow :) When you guys finance do you use an HML or Private lender, or bank?

private sellers, brokers and businesses are offering those....Craigslist is also an excellent source of sellers offering their property under a lease option...one hour of good research online could give you more leads than an entire day prospecting for a lease option seller...worth the try.

I think the lack of interest is because most private money has short durations.

I have private lending money available to help fund the acquisition and rehab costs.

Make sure you also have private money lined up for you in case you need it like most investors do.

( if the price is too high such as 8ok and the home is only worth 100k, chances are that a true cash buyer will not bite and private lenders will not have an interest, If your buyer needs to finance the deal, you will need to get your assignment outside of closing.