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Updated almost 2 years ago,
Looking for Private Money Lender in Philadelphia
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.
Looking for
Philadelphia, Pennsylvania