Where is private money found for Real Estate investing?

May 24, 2010

in Bad credit mortgage lenders

I’m looking for a private equity type of lending outfit.
While I’ve heard about private mortgage brokers and such things like that – there is no evidence, none that I have seen, that they actually are out there (though I know they must be)

Being stranded out in the middle of Kansas is making it difficult for me to find any lenders who will work with me. I can work with a >60%LTV and rates as high as 22%, the problem here is my personal credit is bad news and I’ve not got any cash right at this moment here.

The right lender will make quite a bit of money with me as I don’t play games or come up with any stupid ideas. I simple haven’t found him/her/them/it (something/someone with enough brains to work with me) so far!
wolfgang007,
I am not going to let bad credit stop me. Forget it!
Thank you Mr. Gee..
Don’t worry I don’t let being turned down bother me and I certainly won’t worry about what someone who can not spell “you’re” has to say :-) PS: I’m looking at rehab projects.. fix and flip type of a story.

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