Now the hard part is finding these private lenders.

If you make your house really stand out, i.e. custom cabinets, granite, all tile in the bathrooms, nice doors and trim, you get the picture, something that is a real cut above the other houses in the neighborhood; how much more can you realistically get for it?

The private sector isn't healthy enough to stand on its own just yet.

Page HuyetteHardest part is finding someone that knows what they are doing locally.

These are my comments and observations and are for entertainment only, not an endorsement for or against any parties.

So the owner is telling me although the roof is 18 years old but nothing is wrong with it, and they stand firm with the price.

Remember Real Estate agents typically have an exclusive agreement to buy or sell and will get paid if a transaction gets done independent of who other parties involved are, while lenders only get the origination fees if the transaction is done with that lender.As a “Colorado Hard Money“ lender for non-owner occupied investment properties, we feel it is fair to charge a small fee to cover expenses related to estimating the value of the property, estimating the repairs, inspecting the property, and credit and background checks.

Are they using 3rd party vendors for renovation and management?

You will need a 3rd party authorization letter if you can convince the seller to sell to you subject to the existing financing, but there is way more to consider on a transaction like this than just a letter.

Misti,I am a little late to this party.