Updated almost 9 years ago on .
Potential funding partner needed for Philadelphia Investment
Hey guys currently have a potential rental property which im looking to acquire in the philadelphia area.
Address: 1900 block of waterloo st
3 stry, 2128 sqft, zoned: CMX2
currently a 2 bed 1 bath but can be reconfigured to a 2 units with 2/1 and a commercial space can be leased out on 1st floor.
asking 199k (can negotiate seller down a bit on price)
rehab: 50k+ (taking a few bids to find best price)
seller is willing to seller finance this property with 20-25% DP.
Im seeking a partner who would be willing to provide the down payment and possible (construction loan) for a set % of interest (6-8%)
loan payoff + interest would be paid out upon Refi
feel free to contact me for more details on deal. Thanks