Sounds like private lending where you really vet the borrower and collateral might be right for you.

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

Craftman style, decent neighborhood, needed significant work and great houses around it.Upon further inspection, it was partially worked on inside, some new sheetrock and paint, but it didnt look like anyone had been there in a bit.Knocked on the neighbor's door and after some chatting, got the owner's number.Long story short: meeting the owner this week for a formal tour, talk numbers, take my mentor and then maybe my first wholesale deal!

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.

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.