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Updated over 13 years ago,
Hey guys does this sound like a good deal for a private lender?
Hey guys I have a property here locally here in Philadelphia PA. 4814 Greene st. In a section called Germantown. Very history area, but anyway I can get this owner to sell me the house at 30k the rehab to bring it up to speed will need to be 55k it will take about 2mths for my contractors to get this done. But the ARV value goes from 130k-150k I am going with the conservative number of 130k ARV my wife is a licensed Realtor so that would be the exit strategy. Do you think a private lender would be interested in something like this to the tune of 8-12% for 6mths? Does this sound like a good deal? Or am I missing something? Thanks guys.