Find a house for sale where the owner owes no money (nationally, about 40% of homes are owned free and clear).  

Private money lenders, search on Facebook groups and meetups and they can fund it but interest would be around 12 percent though and they may look for collateral

If they have the money, they have the money.

view=publicIt's a 3 bed 2 bath house, almost 100 years old, and the seller made a bunch of updates to the house (fixed roofing, foundation, re-ran electrical wiring, redid flooring, and interior paint) prior to me moving in.So far, I've added a dishwasher to the place, and here are my thoughts as far as other "value adds" go, but I don't want to invest the money if you guys and gals don't think there's much opportunity for a return on it...

if your ARV is 200K, for example, and it needs a medium or greater rehab, you probably need to buy under 100K.  150K won't cut it, you'll lose money.

@Melissa Odom private money has been awesome for me and helped me grow my portfolio tremendously.We used it to do BRRRR where we bought the property with private money, rehabbed it with that money too and refinanced as soon as we could to get them their money back.Our private money lender was happy because they made their return and didn't have any worries because we were an easy borrower.

@James WierzbaGoing after the seller five years later is a losing cause - sounds like sump pump was not working and that is the issue.

Are they worth it… every year people waste money on car insurance, home insurance, and medical insurance….

First, I would see what I could do with the property to make money as others have suggested.

Can I just let them choose how they want to get the money into the account?