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Looking for Private Money Partner on Subject To Acquitistion

Ayodeji Kuponiyi
Replies
4

Hi All!

Looking for a priavte money partner for subject to deal I have under contract in Mississippi.

See link for more info: https://www.canva.com/design/DAGF6vkvl60/QGbwzGh2j9mVWDqqHHYasA/edit?utm_content=DAGF6vkvl60&utm_campaign=designshare&utm_medium=link2&utm_source=sharebutton

4 Comments

  1. Tim Davis

    Ayodeji….What is the ARV on this property?  50% of the cash flow is going to be a 7% or less return on a $48k investment.  When would you sell and cash in on the appreciation?

    • Ayodeji Kuponiyi

      Hi Tim. ARV is $210K. The seller is behind on their mortgage payments. Total arrears is about $40K. Interest rate is 3.75%. My plan is to catch up arrears and hold on the property and to lease the property or seller finance.