Private Money Question - Posted by Scott PA

Posted by M Lee on October 16, 2003 at 24:35:43:

I would use the search engine…
Also I have found several people that sell their own course on the internet. type these names into the search engine
Alex Gurevich, Marge Coffing, Alan Cowgill, John Ulmer, Donna Fox and Paulie Sabol, Search Ebay for Ron Legrande’s Private lending course, Just a few of the courses I have seen, email me if you purchase one, I am interested in how good it is

Private Money Question - Posted by Scott PA

Posted by Scott PA on October 13, 2003 at 18:52:33:

I have a possible “subject to” deal here.

Value - $95k-$100k
1st. Mortgage - $57k

Owner is willing to sell “subject to” providing I can come up with about $10k-$15k for her equity, and she would be willing to wait for $15k until I sell the house.

I am being told that the house is in excelent condition.

When I am done my purchase price would have been $87k.

My exit strategy would be to lease option the house for $110k.

My question is where can I find some private money for the $10k-$15k? I would presume that this private money person would want to have a lien placed on the property to protect thier interest. Any help is appreciated.