Now we are financing the house at 9% interest but I am less into it for about 57 cents on the dollar in which we financed with a private party.

For someone who has NO MONEY, how can you purchase a HUD when from my understanding most hard money/private lenders will not loan to individuals and HUD will not sell to companies.Is there any work around for this situation?

After extensive searching it looks like condos fall into one of two categories.

You could either take the money and use it towards a private or hard money loan to pay the down payment and do a couple fix and flip, or use it towards a conventional mortgage on an already flowing cash flow Property and enjoy the bonus income.

Here's an existing thread about the company @Kris Haskins mentions: http://www.biggerpockets.com/forums/79/topics/78592-private-money If you're actually looking for a lender, @Bryce Robbins you will need to post in the Marketplace.How about seller financing?

@Liam Goble So you got some private loans to make a down payment.

You use your money or private money to rehab and carry the property (taxes, insurance, HOA, utilities, loan costs).

@Jack TuckerSince I have/had less than no idea on this question, I just Googled real estate private money lenders and at privatemoneygoldmine.com it seems the lenders are at 6% to 10%, but I have no ideas on specifics as to length of term and initial down required.I know all the deals I have seen in the Portland, OR area with Owner financing have been 20% down and 6% for 5 years, with a balloon.Also aren't the terms are what you are comfortable with and how you structure the deal?

It is because her water lines are failing and eating up 28% of her expenses.I just met with the city and the park is non-conforming, no additional homes can be brought in unless significant changes are made to the park.I also found out today, a large private school is looking to build on the 50 acre lot right behind the park.

I've heard that mobile/manufactured homes are most commonly on private land, but I am having a heck of a time finding any.