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Updated over 10 years ago,
Partner Needed Florida SFR 3/2/2
RE: Palm Bay, FL. 32907
3/2/2 1300+ sq. ft.
Current value: $70,000.00
ARV Value: $100,000.00
Amount Needed $15,000.00 to finish rehab.
Rental Amt. 950.00 - 1100.00 a month
no mortgage, home has a 2,500.00 lien
Home is placed in an LLC.
100 shares (valued at $1,000.00 each)
Receive investment + 30% of investment in Shares
invest 15k receive 20 shares
Receive residual income from net rental proceeds relevance to % of ownership.
I have right to repurchase shares at $1,000.00 each. (most likely it would be 4-6 years till I can repurchase shares over time)
Optional Property Management:
You Can Mange Property, I can or a property management company can mange property