** Opportunity for You to Fund two 4-Unit Projects **

[Jonathan Lake]

My name is Jonathan Lake. My partner and I have buy/hold properties in Rochester, NY, Indianapolis, NYC and PV, MX. We currently have 16 units in our portfolio. All of our projects are Buy/Rent.

Currently, we have two projects in Indianapolis for you to invest.

1. We purchased a distressed 4-Unit + 2 Car Garage for $60K cash (our own money). We have put $30K into the renovation (our own money). The entire renovation budget is $100K. We had it appraised came back at $195K ARV.

• Forecasted Annual Gross Income (Rent, Garage, Laundry) $47,400
• Forecasted Annual NOI $32,120
• Forecasted Monthly Cash Flow (minus PI) $1,677
• We have invested $90K of our own capital to date

The Ask 

• $100K to finish the renovation and take out $30K to put back into our purchasing fund. We still remain invested at $60K purchase price.

2. We are in contract for another 4-Unit which closes on or before April 11th. The contract price is $150K and the renovation cost is $60K. The ARV is $275K. The owner is willing to carry the contract with $30K down or we can buy it outright.

• Forecasted Annual Gross Income (Rent, Storage, Laundry) $40,200
• Forecasted Annual NOI $26,460
• Forecasted Monthly Cash Flow (minus PI) $822
• We will put in $20K of our own money

The Ask

•  $200K to purchase and rehab the property

or

• $90K to lock in seller-contract and complete the rehab

The projects can be funded separately or combined into one loan. I look forward to hearing back.

Jonathan Lake

917-297-3943

www.reluctantspouse.com