Looking for PML/ Capital Partner to fund 7 property portfolio
Hi BiggerPockets fam, I have a portfolio that I'm interested in acquiring. I plan on renting the properties out long-term to section 8 tenants. I've already been talking to the agent and have run my numbers. I will need $140,000 to get me to the closing table to cover reserves, down payment, and closing costs. If there's anyone interested I'm looking to structure the terms as the following
Purchase Price $570,000
Private Money Lender/ Capital Partner $140,000
15% annual interest
Interest Only monthly Payments
Get your money back in 18 months buyout/turnaround
If anyone is interested or wants more information please reach out!