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I am seeking private investors who are financing and have homes they are selling in San Diego County. I

have buyers with really poor credit but with employment and some savings.

Minimum requirements: 3 bedrooms, 2 baths, single family detached homes; lease option okay as long as monthly total payment is between $1000 - $2500 with percentage toward the sale price or down payment. They will not be in a position to refinance within 1 year. So the longer the option the better. They are also willing to pay an option deposit everytime the option renews.

Some of them are facing short sale or foreclosure and really need to put their families into a home soon. Please contact me. Thanks.

I also have buyers who are seeking investment properties but cannot qualify via conventional or FHA. They will gladly pay private investor rates as long as the payments are manageable.
Sun May 18 2008, 02:32 - San Diego - Home Buying - 3 answers
 
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Susan Vand...
Real Estate Pro
in Newark
Susan Vand..., Real Estate Pro in Newark in Newark
Answers (3)
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Fred Eckert-… was FIRST TO ANSWER
We have the perfect plans for your sellers and buyers. We help the sellers by buying all the short sales we can and lease option them back to tenent buyers.
We offer buyers: Rent To Own
5 % down
No Bank Qualifying
No Credit Qualifying
No Employment Verifications
Bad Credit is Ok!
1 year employment is Ok!
Credit repair so they can re fi the property at the end of the lease

Call me with any questions.

Sincerely,
Darrell Kucan - Investor/Mentor
858-672-9395
Darrell@ShortSale-Experts.com

Tue May 20 2008, 11:58
Web Reference: http://www.shortsale-experts.com
 
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Fred's suggestion regarding the local real estate investment clubs is excellent. Follow through on his suggestion.

Your question, however, is a bit confusing. You say you're looking for private investors who are financing. I know some investors who buy-and-hold, and put tenant-buyers in place with lease-options. I guess that's what you're talking about. But when I hear "investors" who "finance," I think of an entirely different group of investors--people who lend their money out, usually to other investors. The going rate around here (East Coast) is about 12%, secured by the property (usually a first, usually no more than 70% LTV).

Right now, it's more difficult to find tenant-buyers than it is to find lease-option properties. So if you have potential tenant-buyers, you're in very good shape. You'll get a warm reception at the real estate investment clubs. Or contact me at Don@Solutions3DHome.com and I'll put you in touch with some people in your area.

Hope that helps.

Sun May 18 2008, 10:43
Web Reference: http://www.Solutions3DHome.com
 
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FIRST ANSWER
Susan,
There are three major Real Estate investing clubs in San Diego that should have the contacts and information you are looking for.
http://www.sdcia.com
http://www.nsdrei.org
http://www.socalcia.com
Each has a forum for investors that you could access and post your requirements. A local Realtor could also search the MLS for "seller carry back, lease option, easy qualify etc." properties. Let me know if you need the names of either hard money lenders or Realtors who could do the search for you.

Sun May 18 2008, 08:09
 
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