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Updated over 18 years ago on . Most recent reply

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Private Money - For Chicago Foreclosures

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Posted

Seeking Private investor money for bank foreclosures Northern Chicago Land area.

We work with 5 banks in Lake County IL area that provide foreclosure / REO deals.

Seeking Private Money - Minimum amount: $250,000
Rate of return: 12- 16%
Funds used to buy homes at 60 - 70% ARV
Average price per home: $150,000 - $300,000 max

Average repair time: <2 weeks
Average repair cost: $10,000 - $20,000 max
Average days on market: 2 - 4 weeks.
Agreesive marketing plan to retail homes @ 90% LTV with
5% down from buyer. No Credit Check Loan for end buyer
Seeking Investor(s) with Minimum of $250,000.
Rate of Return: 12 - 16%

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