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Updated about 4 years ago on .

User Stats

800
Posts
229
Votes
Steve S.
  • Lender
  • Los Angeles, CA
229
Votes |
800
Posts

$50,000 is all you need to be part of this great project

Steve S.
  • Lender
  • Los Angeles, CA
Posted

Looking for investments from $50,000 - $1,000,000 to be part of this incredible project.

We have found an historic building in a growing town in Kentucky where we are going to acquire a 32,000 square foot brick building on 3 acres of land for only $125,000 and it has an assessed value of $400,000. There will be extensive rehabilitation needed but phase 1 will only comprise of the acquisition and the architectural planning and permitting process.

We are seeking a $250,000 investment into the project to be held in 1st lien position and are willing to accept it in $50k increments. The $250,000 from the investor(s) will be recorded on title and be paid back to the investor upon us obtaining new financing for the full construction/rehabilitation process once the permitting process is completed.

Upon close of escrow we will immediately be drafting plans and conducting engineering reports in order to submit them to the city. We project this process to take between 4-6 months. Once we have the permits we will be ready for new financing in order to pay for the construction process. Upon receiving the new financing is when we will pay the investor (you) back plus the agreed upon interest.

WHAT YOU GET:

You will make 15% annualized rate on the $250k investment to be paid back in full, plus interest, upon us receiving new financing once the permits are issued.

Email me at steve@weallascend.org or text me at 310-948-8585

These opportunities are usually located in los angeles, orange county, southern California, palm springs, huntington beach, CA. This is not traditional financing or hard money or private money. Many lenders who provide hard money financing or private money financing are not gap investors, so we are looking for true private individuals who are looking for solid ROI(return on investment) investments by being part of new property acquisitions on properties that are for sale. These opportunities are primarily for single family residences that are fixer uppers, fix and flips, need TLC and are hangman specials. So please call us if you are interested in gap, or jv, or being involved in a joint venture capacity on this amazing house flip opportunity in the amazing neighborhood of Studio City in Los Angeles California.

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