Seeking Partner for Condo Investment

[Val T.]

SEEKING NON-RESOURCE LENDER FOR NJ REAL ESTATE DEAL

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ONE property / ONE 1st Lien investor

Never invest more than 65% of the value of a property

Receive monthly interest payments on time every time!

Over 15 years of successful investing.

CURRENT OFFERING:

This 490 sq. ft. Studio Condo. This home was built in 1984

on AC Boardwalk Resort End.

Right this minute I am looking for an investor for the following:

ARV: $169,000

Asking Price: $100,000

Repairs: $10,000

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Equity: $59,000

I will give the investor a first lien on this property and will close through a title company.

There will be no expense to the investor.

*SAMPLE BUDGET

ARV: 169,000

$100,000 Sales Price

$ 10,000 Down

$90,000 Balance @ 10% for 20 years

$ 868.52 Principle & Interest / Mo.

$ 366 Property Taxes / Mo.

$ 340 Condo Fee, which includes Insurance / Mo.

$82.00 Assessment Fee for 3 years

$ 1656.52 TOTAL PITI / Mo.

*Nothing herein is to be construed as an offer of owner financing. All offers, negotiations, and discussion of terms of any financing must be made by a licensed residential mortgage loan originator or attorney pursuant to Title 17 - Chapter 46B of the New Jersey Finance Code. Examples are for illustrative or informational purposes only. Actual terms of financing will vary.