I guess I have these visions of the deal going perfectly as I picture it...Correct me if I am wrong, but like I said I would do a private or hard money loan.

Correct, this is a home based business that I have bought into.

Ned is correct that it is difficult to finance properties in an LLC.

You could spend your day correcting my posts.

:mrgreen:Actually, the word is spelled correctly . . . the code writer is from the UK, and that is how it is spelled across the pond.

Anyone can bid, but (here at least), you must cough up the winning bid at the end of the sale.

Hope this is the correct area to post this.I would like to sell a house to a tennant on contract.

In other words, can I offer $200,000 bid and go to the lender to let him approve $230,000 so that we can cash out the $30,000 for rehabbing and cosmetic upgrade, etc.If not, will lending money from Private and/or hard money lenders and re-finance the house within 3 months of closing and pay back the private or hard money lender work?

What will the opening bid be?

In addition, the tenant may not do the maintenance correctly and you may end up with a bunch of deferred maintenance.