Great Deal Needing Private Money

[Kendall Oliver]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $410,000
Cash invested: $10,000
Sale price: $410,000

I have a property under contract in Charlotte NC now that I need private money to cover the down payment/closing cost. It's a SFR that is 2100sf on a 7.13 acre lot. I planned to clear & divide the lot into 19 .35acre lots that will sell for $30K each for a total of $570K and leave .48 acres with house and add 784sf to extend the master bedroom/bath/WIC, add a 2nd master bedroom/bath/WIC, and also add a 3car garage that makes the ARV at $250K. A total flip of $820K. Contract price is $410,000.

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

I have been in the real estate field for 24 years. I became a sales agent in 1995, then went on to be a mortgage broker in 1998, and in 2001, I became a licensed real estate appraiser. So, I know a lot about real estate value and this property that I have under contract has a great ROI.