Columbus Ohio - Private Money Lending

[Steve Baldwin]

Good Morning BP!

I am in contract on a property in Bexley, Ohio that is less than a mile away from Capital University and has two, two bedroom houses. (a house and a separate carriage house)

My goal is to purchase, rehab, rent then refi...within 6 months. (PRRR) @brandonturner :)

In the interim, I am looking for a investor to lend me the funds.

Here are the numbers:

Purchase Price: 65k

Rehab Cost: 15k

Total Loan: 80k

I am able to put down 10%, so am looking for a loan around 72k.

The project would take a month to complete and would be ready for renters in Feb 2016.

The rental numbers are:

Main 2bdrm: 1000/mo

Carriage 2 bdrm: 850/mo

2 Car Gargage/Storage: 100/mo

I would appreciate any help/guidance here as the seller's are wanting to move quickly on this!

Thanks again,

Steve Baldwin

Core Ohio Realty Advisors