I have come to a stand still due to lack of funds. I have done a few assignments working with park owners to generate a quick 1k here and there, but that isn’t enough to fund my new deals. At this point, it looks like I have a few options:
Sell the notes that I have as a package for a discount. How would I do it? How would I price it? What paperwork is involved? Can anyone direct me to some reading material on selling notes?
Seek Friend and Family money.
Seek private equity from someone knowledgeable in real estate in my town.
Lending club or Prosper.com
I pass up on a LOT of deals, and it’s frustrating. Also, I pass on tons of deals because too much money will be tied up in them. For example, I might buy a 3k place, because I know I can recoup 1500 or so in a down payment. I might be able to sell that place for 8k. However, I might pass on a home for 7k, which I could sell for 23k, just simply because I would have to lease 5k or more tied up in that home. It seriously dents my “bankroll”
What have you guys done when you got to this point?
Any suggestions appreciated.