Investment Info:
Single-family residence private money loan investment.
Purchase price: $410,000
Cash invested: $50,000
This was truly a partnering deal. We initially denied the loan due to how tight the projections were and a poor CMA from the investor's Realtor. The investor used our analysis and was able to get the purchase price down another $40K! Private money lenders are another set of eyes on deals that can help save investors money. Make sure you have a strong one in your network!
1983 rambler / ranch
3/1
2325 sqft
Completed and sold within 6 months
3/1 to 6/3 (below grade will be an ADU
What made you interested in investing in this type of deal?
This property was in great shape and the reno should be seamless with a quick turnaround.
How did you find this deal and how did you negotiate it?
Another opportunity from our great community of Investors.
Come see what we are all about https://calendly.com/pinc-propertiesut/discovery
How did you finance this deal?
Partnership LLC
How did you add value to the deal?
Our deal analysis discovered some discrepancies in the ARV and PP. Once we shared this with the investor he was able to negotiate a $40K price reduction. This allowed us to approve the loan and the investor more room for profit
What was the outcome?
Approved!
Lessons learned? Challenges?
Private Lenders are valuable components of any investors network and should be viewed as another set of eyes that can help mitigate losses and expand margins.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Strong local and national community members. Come see what we are all about!
https://calendly.com/pinc-propertiesut/discovery
