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Updated almost 8 years ago on .

User Stats

56
Posts
28
Votes
Brian Faust
  • Real Estate Agent
  • Harrisburg, PA
28
Votes |
56
Posts

Looking for Additional Funding for Deal

Brian Faust
  • Real Estate Agent
  • Harrisburg, PA
Posted

3/2 

1600 ft2 Detached Home on .10 acre lot

Home is currently setup as a duplex but the plan is to convert back to a single family home (a piece of painted foam board separates the upstairs stairwell from lower level so it won't be all that intense of a conversion).

There is hardwood (great shape) in every room with exception of kitchen and bathrooms. 

ARV is around $115K at current market (I just listed a home on Monday a block away from this home, it has already brought in 2 offers with a possible two additional offers to follow; all above asking price. Home is very outdated so I feel very confident an updated home in this area at similar square footage and lot size can command the $115K ARV price even though I built my entire budget around a $105K ARV).

Acquisition price ~ $32-35K

Rehab cost ~ $29K

I have a scope of work completed, team assembled, and local bank financing to cover the rehab portion of this project.

I have most of my cash tied up in another project at current time and don't want to miss on this deal, but I'll have about 20K worth of "skin" in this potential deal.  

I'm looking for an additional $20K and offering 10% back on investment.

I have full PDF breakdown available of project, please reach out to me if interested or with any questions.

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