Private Lending with a partnership LLC

[Nicholas Pasowicz]

Investment Info:

Single-family residence private money loan investment.

Purchase price: $477,000
Cash invested: $120,000

1926 Bungalow/Cottage
4/2
2184 sqft

Investors picked up these deal from another Investor at a good price.

ARV = $720,000

Final product will remain 4/2. Full remodel preserving the original cottage look with modern amenities.

I cannot wait to see what they do with this one!

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

Banks run this country...
Chose our risk and terms for a set ROI

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

Investors within the same REI community!

How did you finance this deal?

Partnership LLC

How did you add value to the deal?

Construction Loan

What was the outcome?

in progress

Lessons learned? Challenges?

Have your partnership set, with articles. Protect yourself with the necessary documents. Have a great community and resource of experts.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Get educated and find a strong community of like minded individuals who can help guide you!