If you're $400/mo below market it seems like there's a decent incentive for you to spend some money to aggressively rehab and get top rent.

So anyway I had made a a couple private money deals and ended up with a house I owed absolutely nothing on and wanted to pull the equity from it.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $20,000

Sale price: $39,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Karen Sc...

I opened a business checking account, transferred money from my own credit union account and then was told the new business account was being closed and that the bank was holding my money for 60 days.

Be aware that they are needing the money to feed their families.

hopefully your schedule and budget allow you to spend some meaningful time and effort traveling and looking.good luck!

Here are some specifics:Purchase price: $955KSeller Finance offer: 20% ($190K)Reno cost: $90K Ideally we would like to do a Morby Method where we purchase the home via conventional mortgage or hard money lender and on the back end have the seller lend us the $190K with a second position lien on the property and a 5-year payback.

It's not allowable but it's also not a particularly large sum of money and presumably work you would want done anyways.

Don’t waste time or money until you figure out this step. 

Does anyone know of any asset-based hard money lender that does not require credit check.