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Updated over 8 years ago,
Loan needed I have 25% cash
Hello
I have a property I am trying to purchase and my private lender backed out (family). Here is the info
PP 48,000
cost to buy hold and sell approx $25000 This includes realator, 6500 seller concession insurance and any other cost involved other than repairs
Rehab cost $40000 all work contracted out to liscenced contractors
Total cost $113,000
Reasonable ARV is $140,000 Could sell for more but want to sell quickly
Profit $27000
I have $25,000 to invest Looking for the rest approx $80,000 (don't need sellers concession and other closing costs upfront thats why I only need about 105,000 total)
Please let me know if you are interested in lending money for 6 months
Thanks,
Jeff
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