Cash Out Refi Alabama 25k

[Richard Huizar]

Investment Info:

Single-family residence private money loan investment.

Purchase price: $60,000
Cash invested: $25,000

Borrower needed some cash out on a rental property for another investment. Property is cash flowing at 1k/month. More than enough to cover payment for loan. Borrower completed upgrades to the property as well.

What made you interested in investing in this type of deal?

Borrower had ample skin in the deal w great rental income from property

How did you find this deal and how did you negotiate it?

Broker referral

How did you finance this deal?

Private money financing

How did you add value to the deal?

12 month loan

What was the outcome?

Funded and closed.