Seeking a private real estate investor

Seeking a private real estate investor

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Seeking a private real estate investor
  #1  
Old 05-13-2019, 06:50 PM
Buck Maverick Buck Maverick is offline
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Join Date: May 2019
Posts: 5
Default Seeking a private real estate investor

Does anyone know a private real estate investor they would recommend as a potential partner for purchase of a residential property in The Villages?
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  #2  
Old 05-14-2019, 05:49 AM
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graciegirl graciegirl is offline
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Location: From Ohio, now happily live in Laurel Valley
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Quote:
Originally Posted by Buck Maverick View Post
Does anyone know a private real estate investor they would recommend as a potential partner for purchase of a residential property in The Villages?
You need a person to help you buy a house here?
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My opinion
  #3  
Old 05-14-2019, 10:09 AM
DAVES DAVES is offline
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Default My opinion

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Originally Posted by Buck Maverick View Post
Does anyone know a private real estate investor they would recommend as a potential partner for purchase of a residential property in The Villages?
The fact is the business arrangement most likely to fail is a partnership. The problems are arguments between the people.
I do more than you do and yet you want half of the profits.
I want income and you want to make profit by reselling.
You or the other partner have an unforeseen life issue one needs to sell and the other may not have the ability of desire to buy them out. Real-estate is not as liquid as people seem to think. Have we all forgotten the real estate bubble so soon?

Obviously, all the issues I mentioned above are even more likely to end badly when you are looking for a partner you do not even know.

Last edited by DAVES; 05-14-2019 at 10:10 AM. Reason: typo
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  #4  
Old 05-14-2019, 04:33 PM
Buck Maverick Buck Maverick is offline
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Yes. The Reverse Mortgage Company served me with a mortgage complaint for my recently deceased Mother's house in the Alhambra area. The home is worth approximately $210,000- $249,000 and according to the Complaint, the undaid principal balance is ~$87,500. I can come up with some of the unpaid balance, but probably not all of it. And even though there is a good amount of equity and a decent downpayment, I do not believe my credit score is high enough to qualify for a bank loan for the remainder. I thought a private investor may see the investment potential, and may loan me the capital I will need to buy out the reverse mortgage company with the deed to the house as collateral. Thank you for responding. Buck
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