All Forum Posts by: Michael E.

We now only need $215K to fund the gap on this Austin deal with a 29% return.

Contact me at  [email protected]  for more information

Thanks!

JV Agreement / Second Trust deed

Dallas deal needs funding - If your an investor looking to make 25% return on your investment in 6 months we have a Dallas property near White Rock Lake and walking distance of the Dallas Arboretum. The home is 1288 sf now. We will completely rehab existing structure and add 995 sf bringing the home up to 2283 total sf. Homes in Little Forest Hills average over $220 per SF. Here are the numbers:
$205K PP
$125K Rehab
$430K ARV (conservative)
$17,190 Gap lender's profit
25% ROI
50% AROI
$69K Gap funds required
Note: ARV is conservative at $430k, we will likely sell for $440-460K. Marketing will begin early in the project. Design drawings for permits are ready, Contractor is set to go soon after closing on 3/11/15. We are looking for gap lenders and welcome multiple investors with minimum of $20K. If you are interested and want more information call 214-649-6536 or email [email protected]

Austin TX - ARV $1.5M - Property is on 1/2 acre hillside in the exclusive WESTLAKE HIGHLANDS ! All the plans and design work are under way for a sustainable "GREEN" rehab/upgrade -Complete with Solar, Water reclamation, Windows, HVAC and a pool. 3 Levels of decks will be rebuilt from steel with spiral staircases. A total of 1500 SF will be added to the home. This is a 8-9 month project. Most of the design, measurements and estimates have been completed so this project is ready to take off right after closing on 3/21/16. It should be completed and on the market well inside the timeline included in the budget. Here are the numbers:
$635      PP
$467      REHAB
$1.5M    ARV (conservative)
$77,500 Gap Lender Profit
29.3% ROI
39%       AROI
$264K    GAP funds needed
Note: ARV is based on sold comps that are NOT integrated with "GREEN" Technology. The ARV could be as high as $1.75-2 million. The appraisal report available Thursday 3/10.  We will be happy to take on multiple investors with a minimum investment of $25K. If you are interested and want more information call 214-649-6536 or email  [email protected]