Need Private Money Lenders. I buy10 SFR's a MONTH - EVERY MONTH

[Scott Steffek]

I have an incredible ongoing opportunity for the right private money lender. I need a lender to help me purchase 10-12 SFR's a month and every single month thereafter. The properties will be located in the Chicago land area and also Northwest Indiana. I will have a solid and very consistent source for selling these properties each and every month. I currently have a "complete" team to turn the SFR's into turn key properties each month. I have 2 solid contractors and I also have property managers, to manage them. All of the SFR's will be buy and holds. I will gladly explain the source to you privately. It's a proven and private system. I will supply you with all of the necessary details that you would need, once we begin talks. The current projection of funds needed is between $750 and $1M a month. This is ongoing, so I would be looking at borrowing within that dollar range, every single month. I'm projecting your funds being returned within a 90-120 day time frame, from start to finish. I feel that that time frame is slightly longer than what would actually occur, but I think it's a good starting point. The properties we would purchase, would be SFR's that range in price from $50k to $70k. Rehab costs would range anywhere from $10k to $30k. Our goal is to purchase homes that can be rehabbed in 6 weeks or less. We would prefer a 30 day time frame, but we feel 6 weeks is feasible.We're targeting a purchase price of 65% of ARV or less. I currently have several sources for acquiring off market properties. The properties we purchase, will need to have a minimum of an 8% cash on cash return. All of the numbers will be "run" before we decide to purchase. Our contractors will also provide a detailed scope of work on every potential property. We will be selling all of the homes at full retail price. I'm willing to do a profit split, but would prefer a straight interest deal. However I'm open to any type of fair deal and willing to work something out, for a person or company, that is willing to work with me and get this started. I'm not interested in funds for one month. This needs to be each and every month. I also have an opportunity to purchase 67 sfr's from a bank, that meet my buy and hold strategy. If I can find a partner to purchase these with me, I won't need any loans until these 67 have been sold. The properties are all located in the south suburbs of Chicago, which is my target area. At a $3.2M purchase price, we're looking at an average cost of $47.8K. Since the homes are in different cities and prices vary, the $47.8k purchase price is approximately 70% of ARV. The majority of the homes are tenanted and need little, if no work. Some of them may need things like paint and some small low cost work, but nothing major. The bank has done an excellent job maintaining all of the properties. I also have the option of purchasing as little as 20 of the 67 homes. If we purchased all 67 properties, it would most likely be a 5 month "supply." Once the properties are sold, I would need to start purchasing the 10-12 homes a month, I already discussed. I would like to get the ball rolling on this as quickly as possible. Please, no brokers. I'm only interested in working with private lenders that have a successful track record and are willing to take a small risk and receive a large reward for their efforts. Please contact me via BP or you can call me (Scott), at: 219-308-0162.