There's always tomorrow :) When you guys finance do you use an HML or Private lender, or bank?

private sellers, brokers and businesses are offering those....Craigslist is also an excellent source of sellers offering their property under a lease option...one hour of good research online could give you more leads than an entire day prospecting for a lease option seller...worth the try.

I think the lack of interest is because most private money has short durations.

I have private lending money available to help fund the acquisition and rehab costs.

You might reach out to John Fedro, a fellow BP'er who has extensive mobile home and Lonnie deal experience in Tampa.

Make sure you also have private money lined up for you in case you need it like most investors do.

( if the price is too high such as 8ok and the home is only worth 100k, chances are that a true cash buyer will not bite and private lenders will not have an interest, If your buyer needs to finance the deal, you will need to get your assignment outside of closing.

The closing costs you quoted are about the minimum (regardless of purchase price) if you are buying and traditionally financing a REO (as per my experience making offers on HUD homes), since the bank won't cover any of closing costs like a private seller would.

As for the question about funding notes at closing, there may be some private folks out there that may still practicipate in this but, no institutions that I am aware of any more.

Why would I broadcast such private info if I knew it could be traced back to my real identity?