SEEKING NON-RESOURCE LENDER FOR NJ REAL ESTATE DEAL
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ONE property / ONE 1st Lien investor
Never invest more than 65% of the value of a property
Receive monthly interest payments on time every time!
Over 15 years of successful investing.
CURRENT OFFERING:
This 490 sq. ft. Studio Condo. This home was built in 1984
on AC Boardwalk Resort End.
Right this minute I am looking for an investor for the following:
ARV: $169,000
Asking Price: $100,000
Repairs: $10,000
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Equity: $59,000
I will give the investor a first lien on this property and will close through a title company.
There will be no expense to the investor.
*SAMPLE BUDGET
ARV: 169,000
$100,000 Sales Price
$ 10,000 Down
$90,000 Balance @ 10% for 20 years
$ 868.52 Principle & Interest / Mo.
$ 366 Property Taxes / Mo.
$ 340 Condo Fee, which includes Insurance / Mo.
$82.00 Assessment Fee for 3 years
$ 1656.52 TOTAL PITI / Mo.
*Nothing herein is to be construed as an offer of owner financing. All offers, negotiations, and discussion of terms of any financing must be made by a licensed residential mortgage loan originator or attorney pursuant to Title 17 - Chapter 46B of the New Jersey Finance Code. Examples are for illustrative or informational purposes only. Actual terms of financing will vary.