Private Investor/Hard Money - At End Of Rope
Can only find between 75 to 90 LTV. Can not find seller in area they need ( Orange Park Fl) to carry second mortgage or a lender who will take a lender held second or private money/hard money lender. Can not find anyone to finance them at 100% or even 95% would be good as they have 5% down.
Borrower is now considering mobile home because the manufacuter can finance them 100%. But found out today that they will only help if borrower puts 20 to 40% down.
Are there any options left, or should I just tell them to go rent a home.
Depending on the buyer it might actually be best that they rent and save a bit more money.
John
You need to be looking for SELLERS not PROPERTIES. Use adds, bandit signs, county recorders office, mailers, etc.
Figure out how to get those people to call you rather than the other way around. You'll have limited success as long as you are looking for properties.