From what I read, he’s trying to sell his place and is considering ‘Seller Financing’ to keep the money. Now he’s trying to find a lender for his subprime buyer.
I don’t understand this as it’s he’s trying to help out this buyer who’s hit on some bad luck. Why not just wait for a qualified buyer?
Well if you read the first post that @z0lt3c posted it indicated that it is a unit in an HOA that although financially sound has decided to drop flood insurance and instead maintain a reserve. Which brings him to the problem of even a qualified buyer would have trouble getting conventional financing.
ok so basically he wants out and he wants to get out bad. Still the ‘self finance’ route would most likely end badly, but trying to find a ‘lender’ usually means he has full ability to have submit financials of the buyer or just looking for any bank who will lend out period.
Why? It happens all the time. With a large down payment, he should be just fine. And if he sells his note, then he’ll be more than just fine.
Sell his note? if current lenders don’t want to lend, why would his note be desirable? And yes others do it all the time, but he is a first time ‘Seller Financer’ and that’s like a ‘first time landlord’ , is he ready for all the pitfalls?
I think you can just scroll up and read the discussion. As Apex already stated the traditional lenders are not lending because of Fannie/Freddie requirements:
Hard money lenders should be okay holding the note given large enough interest.
If you say so, ok.
Very few places will want any level of medium-longer term paper unless they’re getting significantly compensated for their risk. If someone came to me offering a 7-year loan, I’d want at least 13% in this environment even if terms were favorable.
Moot point now, offer #4 is cash! Offer #5 coming.
Cash is king!
Throw in free Tesla advice and your spot for the 2025 LH FF trophy and you’ll get a whole buncha’ offers 
Offer 1… Could not secure mortgage commitment.
Offer 2… Could not secure mortgage commitment.
After little activity, lowered asking price.
Offer 3… Full price with seller financing, declined.
Offer 4… Cash offer 9% off asking, open inspection out, seller pays title.
Offer 5… Cash offer 3% off asking, $5K inspection threshold, buyer pays title.
People who made offer #4 are upset because we had verbally indicated that 9% off would be accepted, but they took 3 days to submit the written offer and, in that time, offer #5 was presented. Understand why they are upset, but business is business right? Offer #5 is giving us only 6 hours to accept, they learned that lesson. With offer #5, my 3-year ROI would be at 37.1%
As “they” say - time is of essence in real estate. In the middle of the last RE crash, we got extremely lucky. Took a low-ball offer (almost 10% below asking - needed to make a move, since our new house was almost ready). Literally the evening we signed the contract, we got another showing and a full price offer. The earnest money came in on time, the inspector went though the house and made a list of repairs but we politely declined to fix anything they requested. The buyers had (iirc) 48 hours to respond, but the buyer’s agent dropped the ball and they didn’t respond in time. Boom - our original contract was voided by our attorney, new buyers stepped in, we closed within 30 days, and the rest is history. Easiest $45k we ever made.
Correct – anything verbal doesn’t mean anything. I can sit here and say that I’d buy your property 5% over list all cash, and it doesn’t really mean squat until we have a ratified contract.
Great that it worked out for you – those unwarrantable condos can be a royal pain to offload at a decent price during normal times
must be snapping up all the landlords who went bankrupt over the pandemic forgiveness.
The banks are the largest landlords. Mom and pop just property managers with an equity stake. Cheap money fueled this entire mess as the rental business wasn’t very viable at historic interest rates with uninflated median home values. Sure there was always deals out there but before Covid 90% of houses bought are now cash flowing. Most of these mom and pop landlords with 10-50 units are highly leveraged and if Covid never happened and home prices didn’t rise as a result of fiat expansion, many would be in trouble with higher interest rates.
Instead of funding endless wars fed govts need to incentivize home building in this country. Local needs to change zoning laws asap. I’m not for govt spending money on stuff like that but prefer it to bombs.
Don’t worry, another unconstitutional eviction moratorium should clear those out for Blackstone to scoop up. 
As a landlord, the amount of straight up fraud that some of my tenants may have done rival Lhers.