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We have an opportunity for a lender to make a 10% Flat return (Negotiable) on a $40k second loan for about 3 months on a Novation Flip deal, we are doing in White Plains MD. Solid deal. We already started the renovation, we are out of pocket around $20k between labor and materials. The last items we need to take care of are the flooring, 2 bathrooms, kitchen and other minor details. Here are the details of the deal: This is a Novation Fix and Flip, there is a 1st loan for $340,000 (Approximately) but we don't have to pay if off. Talking to a Realtor he says we can probably sell if for $520,000 Property address: 8134 Billingsley Road White Plains Maryland 20695 Single Family: 4 Bedrooms & 2.5 Bathrooms 2 car garage 2-story Fireplace In-ground swimming pool Outdoor Tiki bar Solar Panels Skylights Storage Shed Large hangar Large yard (Front and back) Large round driveway Hot tub Built in 1988 Total Sq Ft: 2,400 Lot Size: 1.01 acres Zestimate®: $504,300 Rent Zestimate®: $2,708 Pictures: (These pictures were taken at the beginning of the rehab, but we have done significant changes with $20k investment of our own) https://www.dropbox.com/scl/fo/9auumsdjgxljlbsgzl3h3/h?dl=0&rlkey=fkbej7n80dhdec1j0e3mxwsk1 Zillow Link: https://www.zillow.com/homes/8134-Billingsley-Rd-White-Plains,-MD-20695_rb/36726720_zpid/ Recent COMPS in the area. 4 bd 3 ba 2,124 sqft 3640 Foxhall Pl, White Plains, MD 20695 Sold: $495,000 Sold on 07/30/21 Zestimate®: $534,500 4 bd 4 ba 2,465 sqft 4562 Fortress Ct, White Plains, MD 20695 Sold: $525,000 Sold on 05/23/22 Zestimate®: $528,900 4 bd 3 ba 2,876 sqft 3920 Saxton Ct, White Plains, MD 20695 Sold: $515,000 Sold on 05/31/22 Zestimate®: $517,300 4 bd 4 ba 2,908 sqft 3885 Saxton Ct, White Plains, MD 20695 Sold: $526,000 Sold on 04/26/22 Zestimate®: $532,000 NOTE: Sorry still working on putting together a Perfect Loan Package but meanwhile we can get the conversation started if you are interested. There will be many, many deals to come. We have been doing RE deals since 2003. We just want to start making relationships in this platform. If you are interested let's talk.

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June 22nd, 2022
Active
Small 2nd mortgage needed in Washington DC Suburbs - White Plains MD Deal
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We have an opportunity for a lender to make a 10% Flat return (Negotiable) on a $40k second loan for about 3 months on a Novation Flip deal, we are doing in White Plains MD. Solid deal. We already started the renovation, we are out of pocket around $20k between labor and materials. The last items we need to take care of are the flooring, 2 bathrooms, kitchen and other minor details. Here are the details of the deal: This is a Novation Fix and Flip, there is a 1st loan for $340,000 (Approximately) but we don't have to pay if off. Talking to a Realtor he says we can probably sell if for $520,000 Property address: 8134 Billingsley Road White Plains Maryland 20695 Single Family: 4 Bedrooms & 2.5 Bathrooms 2 car garage 2-story Fireplace In-ground swimming pool Outdoor Tiki bar Solar Panels Skylights Storage Shed Large hangar Large yard (Front and back) Large round driveway Hot tub Built in 1988 Total Sq Ft: 2,400 Lot Size: 1.01 acres Zestimate®: $504,300 Rent Zestimate®: $2,708 Pictures: (These pictures were taken at the beginning of the rehab, but we have done significant changes with $20k investment of our own) https://www.dropbox.com/scl/fo/9auumsdjgxljlbsgzl3h3/h?dl=0&rlkey=fkbej7n80dhdec1j0e3mxwsk1 Zillow Link: https://www.zillow.com/homes/8134-Billingsley-Rd-White-Plains,-MD-20695_rb/36726720_zpid/ Recent COMPS in the area. 4 bd 3 ba 2,124 sqft 3640 Foxhall Pl, White Plains, MD 20695 Sold: $495,000 Sold on 07/30/21 Zestimate®: $534,500 4 bd 4 ba 2,465 sqft 4562 Fortress Ct, White Plains, MD 20695 Sold: $525,000 Sold on 05/23/22 Zestimate®: $528,900 4 bd 3 ba 2,876 sqft 3920 Saxton Ct, White Plains, MD 20695 Sold: $515,000 Sold on 05/31/22 Zestimate®: $517,300 4 bd 4 ba 2,908 sqft 3885 Saxton Ct, White Plains, MD 20695 Sold: $526,000 Sold on 04/26/22 Zestimate®: $532,000 NOTE: Sorry still working on putting together a Perfect Loan Package but meanwhile we can get the conversation started if you are interested. There will be many, many deals to come. We have been doing RE deals since 2003. We just want to start making relationships in this platform. If you are interested let's talk.

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