Financing and Credit

Here's the deal:

Father in law just fell and broke his hip. Medicare won't pay because it's only a fracture, not a complete break. They are now frantic for monthly cash flow to pay for medical bills and long-term care for FIL in another city.

Their home has been for sale for over a year - it is out in a very rural area of CO, handyman built, odd layout, etc. but it does have two acres. FMV is about 180 and they owe 40k. My DH and I want to buy it so they can move on and get rid of their $1k monthly payment. They don't need to have the cash from the sale of the house anytime soon.

Question about Credit and buying a house all cash.

I been trying to get a Credit card that i can use just for repairs when needed. I want something with a high limit and low interest. I have found a few cards i want, applied for the two of them and declined both times.

The reason
"Does not show ownership of real estate"

My question is i just bought my first house, it was all cash still waiting on the closing part. Does this show on my credit as owning a home though?

I called Capitol one today about one offer and told them the situation and the lady and her manager were not sure - she said the applications they do for business class cards they person or company is making mortgage payments not buying in full cash.

Something you should be aware of if you're a high income individual:

http://www.ksefocus.com/billdatabase/clientfiles/172/4/1609.pdf

The government is always gettting into our pocket some way.

has anyone here used or had dealings with a company called private money exchange?

I live in an area where it seems at least 30% of all property that is for sale has an owner finance option.

The price ranges vary tremendously and some may or may not need work.

Overall, I feel like I'm in the land of potential here and I don't know where to begin.

How do I get started?

Please help.

I am an investor/rehabbed looking for private money to fund my deals. If interested please pm me and we can talk details.

Thanks,
Bryan Smith

http://money.cnn.com/2013/02/11/pf/credit-report-errors/index.html?iid=H...

I was at DG live seminar in Los Angeles area last weekend and they talked about a great new funding source. Unfortunately I could not afford the 3 day course this weekend to learn about it. How do I find this funding source or one like it? I need what everyone needs probably, a fast, reliable source of money that looks at the deal and the numbers and NOT at my credit etc....Thanks in advance for any/all responses! Please respond here or even PM me if you have valid info!

I am currently looking for Private Money Lenders. If you are interested Please PM me. Terms are negotiable.

Thank you,
Bryan Smith

Goldman Sachs and Morgan Stanley have agreed to settle a government suit by paying a combined $557 million to settle complaints that the wrongfully foreclosed on homeowners who should have been allowed to keep their homes.