Real Estate Agent · Midland, TX · Member since 2014 · 16 posts · 9 votes
Hello everyone. I'm a buy and hold investor in Midland, TX that is in search of a debt partner. I have been investing over the last 3 years and have extensive training and education. Details for the deal that I have on the table are below and I would love to discuss further with anyone that is interested in moving forward.
Purchase Price: $40,000
Rehab Price: $50,000
ARV: $135,000
Rehab time: 5-6 weeks
Looking for $90,000 at 8% interest with a maximum of 8 month turnaround.
My exit strategy is to use the funds to purchase and rehab the property. Then I will secure a tenant and cash out the lender.
I have a very good relationship with a local banker that is aware of my strategy and has already funded 4 of my current homes in my portfolio.
Please PM me or call for more details. 432-698-0050
I think you may need to be more realistic about your expectations. This sounds like a 50-50% partner deal at best and definitely not a 100% financing at 8% deal. Good luck to you. Hope you find what you are looking for. If you don't get what you want, I would suggest leaving the terms open for a private investor or partner to decide on until you have all the cash yourself for your deals.