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All Forum Posts by: Surrug Maiko

Surrug Maiko has started 3 posts and replied 4 times.

Post: In search of a private lender

Surrug MaikoPosted
  • Posts 6
  • Votes 0
Quote from @Surrug Maiko:

Hello BP community, I was wondering if someone could point me in the right direction. I recently bought a property in Aiken, SC and I am looking for a private lender to finance the rehab of a 2 bedroom 1 bath house with a trailer at the back. I reached out to a couple of hard money lenders and was told the loan amount needs to be $150k or more for it to make sense. I am currently seeking $45K with a return on investment. Thanks!

Thanks for reaching out Erik, I have talked with a couple of hard money lenders and most if not all told me that what I'm asking for in funding is too low also their fees are above 30%. I have since made a proper post in the classified section looking for a private lender/ investor. I believe that someone is out there who would like a project like mine, just being hopeful! 

"Fueling Success Together: Join Our Journey as We Seek a Strategic Private Lender for an Exciting Venture!"

Hello friends and community members,

I hope this post finds you well. I'm excited to share that I'm embarking on a house rehab project and I'm currently in search of a private lender to partner with on this exciting venture. πŸ”¨πŸ’ΌπŸ˜οΈ

About the Project: I have a fantastic opportunity to rehabilitate a two-bedroom, one-bathroom house and a two-bedroom, one-bathroom mobile home in Aiken SC. The goal is to revitalize and transform this property into a beautiful, functional space.

Why I Need Your Help: I am seeking a private lender who shares my passion for real estate and sees the potential in this project. Your support will not only make this dream a reality but also bring positive change to our community.

What I'm Looking For:

  • Loan amount: $45k
  • Terms: sixteen weeks with a 12% return

Why Partner with Me? I am dedicated to transparency, open communication, and ensuring a mutually beneficial partnership. Let's work together to create a win-win situation!

If you or someone you know is interested in discussing this opportunity further, please reach out to me via DM. Let's make a positive impact together!

Thank you for your support and consideration. πŸ™πŸ½βœ¨

Surrug Maiko 🏘️ #HouseRehab #RealEstateInvesting #PrivateLenderNeeded

Investment Info:

Other buy & hold investment.

Purchase price: $18,000
Cash invested: $18,000

We bought 3 acres working on developing 11 parcels for single-family homes.

Post: In search of a private lender

Surrug MaikoPosted
  • Posts 6
  • Votes 0

Hello BP community, I was wondering if someone could point me in the right direction. I recently bought a property in Aiken, SC and I am looking for a private lender to finance the rehab of a 2 bedroom 1 bath house with a trailer at the back. I reached out to a couple of hard money lenders and was told the loan amount needs to be $150k or more for it to make sense. I am currently seeking $45K with a return on investment. Thanks!