Seeking private lender for Buy-and-Hold with 2% Rule, 12% Cap rate, $38K

[Brian Huber]

Hello,

I'm seeking private lender financing for a Buy-and-Hold property in Lincoln Park, MI.  The home is $38K with all fees and closing costs. The numbers work out to adhere to the 2% rule, actually 2.25%, and a cap rate of 12%.

Depending on the terms, I am willing to cash you out in anywhere from 12-60 months. I have cash reserves so you're guaranteed a monthly payment to matter what.

I have excellent credit, and a well-paying, steady, full time job.

Thanks and I look forward to hearing from you.