I have a fix and flip project closing March 20th or earlier. I need at least $195,000 to cover for the purchase price or up to $250,000 to cover repairs. At $195,000, I will cover the repairs. More information in the project attached. My projects are usually done in about 1-2 months and sold in less than 4 months, you should have your money back within 6 months or else I will start looking into refinancing for long term rental.
If you can loan and also looking for money for your project, let’s work together, I will have $185k available at the beginning of March.
Loan-Proposal-795 Brittany Dr
This sounds like an awesome opportunity for a lender. Where is it located?
Would love to learn how you are working your flips and if there’s opportunity to do deals together in the future – Joaquin
Mara, Always a pleasure to connect with a new lead. This is within my range.. Send me the loan summary and let me know if you have a closing deadline https://www.nvcapitalteam.com/
This is located in Stone Mountain, GA
I work 2-3 flips at a time, they are cosmetic quick flips with ARV in the $300k, which is a great sale point in the area. I see these ranges as less risky and quick in and out. I am very conservative estimating ARVs and repairs, and I put my offers, calculating earnings to be around $30,000. This method have worked for me, netting between $25k and $45k consistently. So even when I go over budget, or not selling at estimated ARV, I can adjust and still be profitable in less than 4 months.
Which area do you work? And what opportunities are you seeking?
Hey Mara, If your looking to lend, I have Sf, Looking to borrow, 170k (65% ltv), 6-12 Months, first position, currently$1925/ Monthly rental income, currently free and clear. Terms are negotiable. Some other “life stuff” has changed and we need to pull out some cash.