You're a private real estate lender?!"

I sold a tax certificate and now the buyer is saying they didn't understand what they were buying and thought it was a clear title.

So if last month 10 houses sold, and there are 20 houses on the market currently, then there is 2 months of inventory on the market.

I’ve been wondering about comps to use for the needing repair property and the remodeled one.I have made offer for two properties now and the cost for the recently sold properties in the neighborhood was too low as there maybe repairs needed but the leads I had was a remodeled one.How do we go about this?

Here are the variables that need to come to a lender to get qualified for loan:ExperienceCreditCash (probably 25% down + closing costs + reserves)Net worth (usually 1:1 with exceptions for lots of experience)If you don't have ALL of these, then you need a partner that will fill in the rest of the gaps.FYI, for commercial type loans in the private space, your income is almost entirely irreverent. 

And if they panicked and sold for a loss, they locked in those losses forever.

Look at what comps say for other duplexes sold in the area....NOT what others are selling for...but what others have sold for recently and then drop your asking price accordingly.Hope this helps.  

Let's hop into a private message thread so I can get a little more detailed info so I can advise correctly.

For a loan that someone like me can do, it's sold to Fannie/Freddie/BigBank/etc on the secondary market, so there's another point or two of profit on the back end.

I would love to meet some private and / or hard money lenders in the Lake Norman, NC area.