How to Structure a Deal

[Ashley Jeffers]

Hi All, I'm here in Charlotte, NC and I need help in my ask to a private money lender. There's a 3/1 ranch about 23 miles outside of the city. I want to move it to a lot about 10 minutes outside of downtown Charlotte. Once moved, an 8 minute walk to the nearest bus station. A great move as an AirBnB or rental by the room. I believe I easily can clear $1800-$2000 a month after expenses. The numbers are below. If I can find private money, what should be my offer as far as a return on their money after a cash out re-fi? 3, 4, 5 %? House $35k, House Movers $28k, Lot $9800, Renovations/Repairs $25,000, Tree Removal on Lot $6,000. Also, if you know of any PML in Charlotte, please send them my way. TIA