Have Property in Negotiation - Looking for JV Partner

[Laureen Youngblood]

I have a property in Negotiation.  Eugene, Oregon!  Looking for one of two options for Private Money Partner.  I will email property details for review if you are interested.

I have a property in negotiations. They have countered and I am going to send my counter on Monday. I am checking to see if you are interested.

What I bring to the table:

Property

$11,000 in cash and credit to put towards closing & rehab

$35,000 in Interior finish costs that can be deferred till the property sells

Project Management – I will design & manage the rehab

I have 13 years’ experience doing exactly this for work

What I need:

Purchase & Remaining Rehab $234,000

I would want you to provide the following or fund as much as you want of the deal with an agreed interest return on your investment. (8-10%)

I have a hard money lender willing to lend the purchase price and then a line of credit for the rehab if I can bring a partner with balance sheet showing a cash reserve of $40k.  I don't have to actually put this cash into play, just show that it is available if necessary.

I am willing to work with the profit split in any creative way that works. I am willing to guarantee an interest percentage on any loaned moneys and a $20K profit in addition with my portion being whatever is left over. I am open to other such creative ideas that work for you.

I need to know by 8 am Monday morning at the latest to complete my counter offer.

Thank You,

Laureen Youngblood

VPOperations

TY Homes, LLC

(541) 543-8262