a few suggestions:
1. How much of YOUR OWN MONEY are you putting into each deal? The more of YOUR money you put in the easier it is for you to get financing. Min of 30% on each deal would be a very good starting point. 50% down would be better.
2. Do you have PRE-QUALIFED INVESTOR BUYERS? i.e. do you have their financial statements to show those other investors can BUY these "deals"
3. Are you a Realtor? if not that may be a challenge into days specialized government maze of foreclosures and government REO, foreclosure regulations.
We urge caution before jumping into any private lending situation because your rights and the penalties may differ from a traditional lending arrangement. Work with an experienced real estate attorney who specializes in these types of deals.
We wish you much success in your endeavors.
Bonnie Chernin and David Rogoff
Fillmore Real Estate Branch #19
2926 Avenue J
Brooklyn NY 11210
917-593-4068 (Davidâ€™s Cell)
646-318-5031 (Bonnieâ€™s Cell)
you can check my website at http://www.hardmoneyloannyc.com
if you have a deal on the table you can fill up the application and we will check if we can
finance it for you.