Quote from @Griffin Dalrymple: @Nick Maugeri no bank will offer a LOC on the properties (even with very attractive LTV) bc they don’t want 2nd position.It seems like good options would be private lenders then, depending on what you can support for their return.

Closed transaction Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I see lenders going down to $50,000 loans today which comes out to an ARV of about $67,000.

@Chad Thompson have you thought of being a private money lender?

@Brittany MageeDo they have a mortgage on it, as typically the lender will require it to be repaired or they take proceeds to pay off loanUnfortunately not much you can do

is this something most lenders can do or do I need to look for specific ones?  

Thanks in advance, As a lender, when a borrower suggests bankruptcy we do not stop the sale unless they file bankruptcy.

As far as REI goes, here's my history: I had one buy and hold with 3 other investors, which we just sold and I was a hard money lender for one flip.

First of all, the definition of rich is fluid and depends on the person and who you are comparing them to. 

One cannot compare a forum site with a seasoned investor who answers questions and teaches.