We have been purchasing and selling tax deed properties, forclosures at auction and preforeclosures - notes, for over two years. It has been profitable as we are full timers since 09/03. However, we have been given the opportunity to purchase more, in bulk, and now are looking for a line of credit or private investor for cash flow. Does anyone know of someone, or some company that does this? Our scores are in the 5’s 550 or 580 - mixed feed back. However, we do have cash in the bank and other properties that we own free and clear for collateral. We would also be willing to “split profits” for investor collateral.
What state/city are you in?
North East Pa, Lackawanna, Luzerne, Monroe, Wayne and Wyoming Counties.
Yes, Cross collateral.Need to get Fico up too. Put all properties into an LLC. Then look at cost segregation. Good luck.