He agreed but since he was busy on the job we didn't really have time to discuss it further.So of course, one option would be for me to just be his private money guy and structure it as a debt deal, but I'd really rather get a little more skin in the game and partner with him. 

Other four family properties in the area of sold in the 180k range.

what Christopher says is true to some extent, private money lenders will look at a recent appraisal especially when you have cleaned up the foreclosure and if its rented.

You won't be able to make a purchase with a hard money loan, you may want to seek private money.

Hello, As a newbie what percentage should I expect to a private lender?

(Flippling, Wholesale, Buy and hold, Syndications, Private Lending, etc)Good luck!

Hi All,My name is Kristen Graham and I currently reside in Dallas, Tx working as a private equity fund accountant.

If bought and sold as for a restaurant location, I think this could be sold for $200K fast, without doing anything with it.

If they had put the property size in the listing, and if the appraiser had had a clue, it would have sold much faster and for a much higher price.

Or if seller has multiple listings and you can buy them all.Example I bought two half duplexs (both sides) were being sold by direction of court.