Financing and Credit

I have seen other posts here but can't seem to find them now. Can anyone tell me how to find private money lenders using public records? Search criteria? Where to start?

What is the best way to do this?

Forgive me if I am dense, but do these companies advertise, maybe I already know of some, but not sure. Are the transactional companies considered hard money lenders? I think they are, but may be wrong. So how do you find other hard money lenders in one's own area? Thanks everyone in advance. Tammy

Our realtor have two prospect customers (two different families) that wants to own a house but they can't buy anything now because of the bad credit. They are working on fixing their credit but in the mean time they would like to move to a house that they like and want to buy; they want a Lease to Own.

Our realtor called us to see if we were interested in doing a deal with them. I own two houses so I will need to come up with 20-25% downpayment to buy a house. If I do not have the 20-25% downpayment or if I do not want to use my money, what kind of deal I can make with them. Should I ask them to provide the downpayment and then profit only from the positive rent cash flow and equity on the house after the sale (in one year or more)?

Any advise will be greatly appreciated.

We have access to commercial funding source for deals $250,000 and up. They will also buy notes.

If I start asking for and receiving private money what kind of account should be set up to hold the money?

Did you realize this… ? ? ?

Many commercial lenders are accepting payoffs at 40 to 50 cents on the dollar… without holding the owners responsible for the difference.

My investment group and I specialize in helping over-leveraged commercial business owners keep their properties. The strategy is simple. We purchase their debt at a discount from their current lender and then sell it back to them - saving CRE owners thousands; and in some cases millions from their original debt!

Right now, some banks are ready and willing to accept a fire-sale cash price to get commercial mortgages off of their books! This window of opportunity may only last for a short time, but I want to help as many as I can while I can.

My dad posed the question to me, "How would we approach a local community bank and ask them if they would fund 80% of the purchase price and allow the seller to finance the 20% down payment?"

My simple answer was give the bank a business plan showing the income to debt and expenses, the cost of what immediate repairs we need to do, that in the area people are buying the homes and fixing them up cause they are sorta historic, that they are going to have secure investment, and also what the projections would be IN CASE thing were to go BAD(oil industry collapses, homes prices are killed by foreclosures, and maybe a couple other scenarios).
All a bank cares about is that they make a profit and that their investment is secure. And we need to show them that.

I am looking to purchase a couple of dozen SFH with tenants in place. I will need to finance 20K on each property for a 5 year term. Just trying to get a feel of what people in the industry think about that. Reply and let me know what your suggestions are.

I am looking for advice on a property I am working on. A lady emailed me the other day wanting to sell her home so that she would be able to purchase another one. Besides assigning her home to an end buyer, than assigning a contract from a home she is interested in to her, isn't there a different and more efficient strategy I can use? Someone told me of a strategy where you take the current monthly payment that the seller is currently in and just transfer those payments over to her new property. I forgot what she told me it was called. But if that is something that is possible, what happens with her current home if there is currently no end buyer during the time she purchases the new home? Would she have two mortgages she would have to pay?