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Updated almost 5 years ago, 02/21/2020

User Stats

6
Posts
3
Votes
Dave Allen
  • Contractor
  • Winnipeg, MB
3
Votes |
6
Posts

Looking for private money!

Dave Allen
  • Contractor
  • Winnipeg, MB
Posted

I am an experienced contractor with a top notch crew. We've completed many projects for investors in our local area and I just recently jumped into the game and bought my first personal flip. A few days after conditions were lifted, my lender calls me and tells me he has to back out of the deal. WHAT? I know. 

We are in Winnipeg, Manitoba but would love to work with anyone at terms that make the deal attractive to you! If you have any questions you can, of course, reply here or email/call directly.
[email protected]; 204-996-4685

The deal:

147 Edgemont 
Fix and Flip or BRRR
3bed, 3 bath > 5bed, 3 bath

Ideal investment: $308,000               Ideal terms: 15% preferred rate of return, annualized (open to other terms)

Purchase price: $215,000
Renovation budget: $85,000
Closing and Holding costs: $8,000
Current city assessment: $369,000
ARV: $425,000++
Gross Profit: $112,000
Estimated project length: 4 months
Exit plan: sell or refinance and hold as personal

Looking for