How can I locate a legitimate real estate investor?
I have been presented with an opportunity, that could easily net $21k. The property is a double wide 2004 mobile home on leased land. The appraisal value is $70k, the owner owes $38k and would like to make a little on top of that. My credit will not allow me to get a $45 loan, but I would like to work with an investor to do this for a small finders fee. How can I locate one?
They typically advertise with “I buy homes, any condition”. You see signs with this ad on the roads, but also in local newspapers. They also send letters to homeowners with offers to buy their house (quick closing, usually 25% below market value).
Sourcing Business Finance