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Updated over 10 years ago on . Most recent reply

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Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
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I have two properties that I want to put under contract. I need 100K and I'm willing to pay 8% on your money.

Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
Posted

I have two homes ( Pasadena and Rancho Cucamonga ) that I can put under contract this week.  However before I move forward I want to make sure I have all my ducks in a row and the last thing that I need is 100K.

I would be happy to get into detail about how I would use this money if any investors are interested.  Both of these homes will be flips.  My Team consists of an MAI appraiser and a Realtor, so our number are extremely accurate. 

I'm a loan officer with access to a ton of conventional, government products and portfolio products so when we list this property I'll be at all of the open houses ( 2 hours at each location twice a week ) to qualify or cross qualify any potential buyer. 

Our comps are solid and based on comparible sales over the past 3-6 months within less than a mile.  My rehab guy is great and we're ready to go.

Looking forward to hearing from investors and if you have any questions please call, email or post.  Thank you for your time and have a great day. 

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J Scott
  • Investor
  • Sarasota, FL
17,199
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

You're likely going to find it tough to find money at those rates outside of family and friends.  If you have experience, you might be able to find 10-12% here on BP or through other investor networks, but 8% seems pretty low if you don't have a personal relationship to go along with the loan.

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