I want to JV with Mr. Moneybags.
I found 2 awesome short sale deals, no fixing, cleaning only, with $70K upside. Where can I find him/her?
BTW hard $ lenders want skin. I have a mobile home, paid cash $140K, worth $80K now. Can I use as collateral?
Thanks, Val
Mr/Mrs.Money Bags may be at a local REI meeting or on Craigslist…
And yes hard money lenders want skin in the game and no they wont cross collateralize the mobile home…Most I should say wont…There may be a lender who will but I dont know of any…
Im sure Gold River can give you some great info what to do with this deal…Look him up…
Also try mortgage grapevine and bigger pockets…
Where are they? How do you know how much profit is in them? Do you have approvals from the lenders yet? If not, how do you know what they will accept and have you ever negotiated a short sale before?
get a mortgage on your mobile home and use that cash for your ‘skin’