Looking For Financing (Metro Detroit, C Neighborhood)

[Jason Greenway]

Hello investors,

A little bit about me, before I get into what I am looking for. I am just starting on my own solo investing (buy and hold) venture after years of bird dogging for other investors in the area (and a few out of towners). I have lived my entire life in the metro Detroit area, and as parts of the area come back from decades of turmoil, the real estate market in many areas aren't as quick to catch up.

Right now, I am looking in the northern suburbs of Warren/Eastpointe/Hazel Park area, which are C neighborhoods, and very blue collar (all three of these cities are within 10-15 minutes of several major automotive facilities for the big three). There are some houses that can be had for $30-$35,000 (but will need around $10-15,000 for renovations, that would have an ARV of around $65-$70,000).

I am looking for a private lender who will lend to an LLC around the $50-$55,000 range. I am looking for something in the 5-10 year range and would entertain an interest-only loan if the terms were right.

I consider myself very knowledgeable about the area, and have seen contemporaries in the same are making a great ROI in the area.

Thank you for your time, and I hope to hear from you!