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Updated about 3 years ago on .

User Stats

19
Posts
2
Votes
Michalis Georgiades
2
Votes |
19
Posts

Looking for Private Money Lender in Philadelphia

Posted

Hello,

My name is Michael and I am looking for a private money lender.

I have 2 deals under my belt and I am closing on a 3rd next week.

I need help with getting funding for my 4th deal, here are the numbers.

Purchase price: $69,500

Rent: $1500+ Currently vacant

ARV = $120-150k if I put in 20 k in renovations

ARV = $175-195k if I put in 40 k in renovations

It is mainly cosmetic upgrades, everything works in the house.

I spoke to a realtor, property manager, and contractor for this deal and the numbers make sense.

I plan to BRRRR the deal, but there is an option for a flip if I wanted to go another exit strategy.

Would anybody be interested?

I plan to close in a couple of weeks.