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Updated over 9 years ago, 05/11/2015

User Stats

20
Posts
0
Votes
Sandy U.
Pro Member
  • Lender
  • WEST PALM BEACH, FL
0
Votes |
20
Posts

Need Private money or deal partner

Sandy U.
Pro Member
  • Lender
  • WEST PALM BEACH, FL
Posted

I just got  duplex in palm beach county under contract for 130,000and the value is $160,000. it is a 3/2 rental income $1,200 and the 2/1 rental income is $500 as per the realtor for a total monthly rental income of $1,700. The property construction is CBS wth living 2,200 sqft. I want  short tern loan from a private lender and utilize the property as collateral

 Below is a break down of the potential deal numbers

Projected total income : $1,700

Minus all of the expenses below

Expenses

Mortgage loan payment (to be determine by the private lender)

Insurance: $175.91

Property Taxes:$175.08

Reserve for repairs/Misc $101 ( i am been very aggressive on this number)

Property Management fees:$100

_____________________________

Total expense monthly $551.999

  • Sandy U.
  • 561-572-1838
  • Looking for
    Account Closed
    • Real Estate Investor
    • Oviedo, FL
    0
    Votes |
    16
    Posts
    Account Closed
    • Real Estate Investor
    • Oviedo, FL
    Replied

    Sandy,

    We have a number of options and terms that can help get you funded for this deal. Contact me to speak in more detail.

    User Stats

    1,541
    Posts
    179
    Votes
    Simmy Ahluwalia
    Pro Member
    • Lender
    • Atlanta, GA
    179
    Votes |
    1,541
    Posts
    Simmy Ahluwalia
    Pro Member
    • Lender
    • Atlanta, GA
    Replied

    Sandy, email me, I can get a 3 or 5 year fixed on this product.

  • Simmy Ahluwalia
  • NREIG  logo
    NREIG
    |
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    User Stats

    155
    Posts
    12
    Votes
    Eli F.
    • Real Estate Lender
    • Orlando, FL
    12
    Votes |
    155
    Posts
    Eli F.
    • Real Estate Lender
    • Orlando, FL
    Replied

    @Sandy U. if you find a deal 65% ARV with rehab included i'll be looking to fund it if it meets my criteria.