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I own a lot with an old house on it adn we plan to demo the existing house and replace it with a new duplex. I have the lot. I have a contractor to build the structure. My team will do the finishout, final touches. Our budget for this buils is $300k. I am looking for a private investor to partner with who can provide a short term loan so we may build this.
$400,000
Sep 22, 2023
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Duplex has been renovated with new kitchens and bathrooms on both sides. One side is a 2bd 1ba and the other side is a 1bd 1ba. Currently rented for $750 on each side for a total of $1500. We will use the money to purchase another cash flow property and make minor renovations to the exterior of this property. This would be an interest only loan based on 30 year with a balloon after 5 years. Pre-payment penalty if paid off before 2 years of 1%. Current Value based on comps $245,000 to $250,000.
$180,000
Sep 22, 2023
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