All Forum Posts by: Ellen Poth Alvarado

Note face value: $5,000,000 USD

Interest Rate: 9%

LTV: 66.67%

Collateral: 330 Unit apartment complex in Memphis, TN valued at $7,500,000

Term - 3 years with 6 month interest prepayment penalty

Borrower is purchasing property and bringing $2,500,000 to close 

We have a great private lender investment opportunity!

We're looking for a Capital Equity Partner for a 5-unit new construction town-home project in the Heights District of Houston. 

$258,000 participation for 20%+ Cash-on-Cash Returns. Will send a full analysis to serious investors. Returns are negotiable for those who can act quickly.  Looking to close in 3 weeks.

Please contact Charles Jackson directly for more details at [email protected] or call (281) 883-2480.

For Sale - 128-unit complex in Texas City, Texas. A full BOV (Broker Opinion of Value) can be provided upon request. Inquiries should be made quickly as the owners are looking to offload this relatively soon. Please contact Charles Jackson directly for more details at [email protected] or call (281) 883-2480.

My profit would've been $6k.

Thanks, Bill S.  Good advice! 

I must say I'm blown away at all the great answers I got on my BP Forum post.  Thank you for all the great feedback.  I'm pulling out of this deal because I've obviously made a serious miscalculation & had no room to discount it any further without losing money. Thanks everyone!  

Joe, I marketed to my buyers list via Constant Contact, posted it on Craigslist & also posted it on several LinkedIn Groups.  

Thomas, can you be more specific? How do you calculate what they will and will not pay? 

I used Hard Money loans for my first few properties.  It's pricey but it gets the job done!  

I'm new to wholesaling and I'm worried I got into a deal that I may not be able to wholesale. ARV = $285k, repairs are only paint & carpet (3200 sf house), rents are $2100 and I'm asking $236,500. (not a big profit for me) I got into this thinking someone would buy it as a rental not a flip but all the marketing I put out there has not drawn a single bite. I'm worried the seller is now counting on me to buy their property & is planning to move out and I won't find a buyer. Closing is on Sept. 1st which is more than a month away but I'm worried I've not gotten any interest. Do I have a bad deal on my hands? Any advice??