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Updated almost 2 years ago,
I have a deal I would like to move forward with I just need input
Private Money Lender Opportunity – Denton Tx
Requesting $72,000
Purchase Price: $289,000 (3/1)
Closing March 14,2023
Terms:
- Lender will receive monthly payments of $600 for 1-year remaining balance paid in 12 months
- Lender can extend past 1 year And/or open to discuss equity partnership with terms
- Secured by Deed of Trust in Second Position after closing
Fund Use:
- Down Payment: $55,000
- Closing Cost: $6,000
- Furnishing: $3,000
- Holding Cost: $5,000
- Partner: $3,000
Exit Strategy for property
Student Housing:
3 Students $850 monthly payments
Monthly Revenue $2550
Seller Monthly Payments: $1400
Insight to area:
4 Colleges in that area. On campus living cost $17,000 yearly. Average monthly cost $1,888.