$210 ARV - Seeking JV Partner Or Private Lender For Georgia Rehab

[Asim Alam]

Found a mostly carpet-&-paint rehab in a hot area (Decatur, GA). Of course, I don't have the liquid funds for it right now. So I'm seeking a funding partner or private investor. (Hey, 50% of a good deal is better than 100% of no deal, right?)

• $210,000 ARV
• $105,000 Purchase
• $46,500 Rehab

My numbers show a $26,500 out-of-pocket investment. I have just about everything set up on this one, e.g. lender financing, contractor bid, future listing agent, et al. I'm offering a 50/50 JV or a 20% preferred equity position to be paid first from the net profits. Just name your terms.

I've run a detailed analysis, with contractor bids, comparables, etc. Let me know if you're interested.