Flip In Pittsburgh with great return on your money
With the pending acquisition of 5614 Donson Way, Lawrenceville, PA 15201, we are glad to present this asset to our partners as a wonderful and secure investment that has the potential to yield a good rate of return in a minimal amount of time. Located in Pittsburgh, PA, this property is in a desirable area of the city and in a neighborhood close to Lawrenceville and Highland Park consistently yields high rents and has similar properties being sold as Standard Sales within 30 days on the market.
We are purchasing this property from the MLS for a cost of $155,000. It has an After-Repair Value of $430,000 and is in need of approximately $155,000 worth of rehab. Once rehab is complete, this home will by far exceed other homes in this market area. The job will include all quality materials, including new countertops, new flooring, fresh paint inside and outside, new windows, new appliances, central heat/air, roof, renovated bathroom, and we will add a full bath and a half bath and new lighting. Rehab will not expand the square footage of the property. This property has a close date of on or before November 7, 2022.
We are requesting for the following for the following rate:
1st Lien Position
12% interest only monthly payment.
15% interest only payment deferred until the flip is sold and payed in a lump sum during closing.
2nd Lien Position (behind a hard money loan)
15% interest only monthly payment.
18% interest only payment deferred until the flip is sold and payed in a lump sum during closing.
Please note that we are open to negotiation if you are interested in the project but want to discuss the rates.
Please see our Loom video further explaining our deal:
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