Active
Currently have a 2/2 with a 1/1 casita in the backyard and converting to a 3/2 with new upgrades to add to our rental portfolio. We are giving 2 options on this deal. 1st Lien Position Total Price & Rehab 2nd Lien Position Option Rehab Budget only**
Purchase Price $158K
Rehab & Furnished $60K
ARV $265K (Current Market Comps)
Rehab time 60 Days (including the holiday season)
Looking for a loan for 6 months and will refinance to for our short-mid term rental portfolio.
We are seasoned investors and I am a qualified licensed GC in FL to have done over 50+ rehabs in my career. We have done 12 for 2022 in SA TX. We have a detailed Rehab Budget, Home Inspection Report available to anyone serious in lending.
We are looking for someone no later than Dec 1. Please feel free to reach out.
Opportunity: 1st Lien position Total price $218,000 @ 12% annualized for 6 months-12 months.
2nd Lien Position – Rehab Only $60K @ 10% annualized for 6 months.
$218,000
Feb 2, 2023
Active
(Better format with clickable links available in DOCUMENTS section)
Actually just got 3 properties under contract, but one is already funded. We have 2 houses under contract now that we're looking to fund:
130 N. Monastery Ave.
Baltimore, MD 21229
https://www.redfin.com/MD/Baltimore/130-N-Monastery-Ave-21229/home/10988507
https://share.icloud.com/photos/080m6u4y3VZ9IuSwnWVrGzRAQ
130 N Monastery Ave
purchase $ 82,500.00
closing costs 8% $ 6,600.00
rehab $ 75,000.00
total purchase $ 164,100.00
sell $ 190,000.00
selling fees 5.5% $ 10,450.00
profit $ 15,450.00
return% 9%
70% LTV $ 133,000.00
COMPS (from my agent who usually sells/lists my properties)
https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=DE-1949318981397&eml=dG9tQHRoZWF0d29vZHRlYW0uY29t
We would like to borrow $140k (~73% of ARV which is 190k), and need it by next week probably (around 2/10).
These deals usually take us about 6 months to flip/renovate/etc but we like to do a 1 year term to be safe, and we've done the loans in 2 ways, but can discuss other possible terms:
Option 1 Terms: (just like a bank/lender with a loan/mortgage secured by a property)
$140,000
1 year loan
10% annual rate, interest only
$1166.67 monthly payment
Loan Doc Fees to title attorney, David Miller (Terrain Title) will be paid by me
Pro-rate the interest for the current month, based on the day we settle, and I'll pay at settlement.
Lender/investor will put a lien on the property at settlement (we'll cover the cost) and I will also be buying an additional Title Policy to protect the lender
I also include a personal guarantee and confession of judgement
Lender also listed as "additionally insured" on my insurance policy
If you'd like to invest with us, but only part of the 140-150k, please let me know.
I can share an excel file with my track record (about 70 properties in Baltimore since late 2016), and also prepare a detailed estimated budget for this property, if requested.
If you or anyone else you know would like to earn a 10% annual return on their real estate investment, completely passively, please let me know soon. Thanks!
$140,000
Feb 2, 2023
Active
(Better format with clickable links available in DOCUMENTS section)
Actually just got 3 properties under contract, but one is already funded. We have 2 houses under contract now that we're looking to fund:
511 N. Loudon Ave.
Baltimore, MD 21229
https://www.redfin.com/MD/Baltimore/511-N-Loudon-Ave-21229/home/10969106
https://share.icloud.com/photos/0dfUvZPfiZf84Ecbkd3mft1kA
511 N Loudon Ave
purchase $ 105,000.00
closing costs 8% $ 8,400.00
rehab $ 55,000.00
total purchase $ 168,400.00
sell $ 205,000.00
selling fees 5.5% $ 11,275.00
profit $ 25,325.00
return% 15%
70% LTV $ 143,500.00
COMPS (from my agent who usually sells/lists my properties)
https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=DE-1948825989842&eml=dG9tQHRoZWF0d29vZHRlYW0uY29t
We would like to borrow $150k (~73% of ARV which is 205k), and need it by next week probably (around 2/10).
These deals usually take us about 6 months to flip/renovate/etc but we like to do a 1 year term to be safe, and we've done the loans in 2 ways, but can discuss other possible terms:
Option 1 Terms: (just like a bank/lender with a loan/mortgage secured by a property)
$150,000
1 year loan
10% annual rate, interest only
$1250 monthly payment
Loan Doc Fees to title attorney, David Miller (Terrain Title) will be paid by me
Pro-rate the interest for the current month, based on the day we settle, and I'll pay at settlement.
Lender/investor will put a lien on the property at settlement (we'll cover the cost) and I will also be buying an additional Title Policy to protect the lender
I also include a personal guarantee and confession of judgement
Lender also listed as "additionally insured" on my insurance policy
If you'd like to invest with us, but only part of the 140-150k, please let me know.
I can share an excel file with my track record (about 70 properties in Baltimore since late 2016), and also prepare a detailed estimated budget for this property, if requested.
If you or anyone else you know would like to earn a 10% annual return on their real estate investment, completely passively, please let me know soon. Thanks!
$150,000
Feb 2, 2023
Active
This is a deal that I negotiated with the bank directly.
Bank will accept 28k
ARV 105-125k
Plenty of room for you to make money
I have pivoted and now negotiating directly with banks for small finders fees. Text or call me for info. My negotiations are in all 50 states.
Maureen 516 885-1362
$32,000
Jan 27, 2023
Active
8 unit building with majority of the units renovated and leased out. Currently cap rate is at 10%. We are looking for an equity partner that would be able to bring in $350,000 and in return would gain large percent ownership. We have already purchased the building and would close this partnership at a title company under a new LLC. There are multiple 8 unit buildings next door that I would like to start targeting to put all of them under one portfolio. We are looking for a long-term partnership that will allow us to collaborate and see continued growth year over year.
$350,000
Jan 27, 2023
Active
1938 Telegraph Rd, Honey Brook, PA 19344
ARV: $238k
Market Rent: $1,789/mo
OFV: $280k
Insurance: $160/mo
Taxes: $3,045/yr
Principal/Interest: $2,175/mo
Down Payment: $9k
Loan Amount: $202.4k
$199,000
Jan 16, 2023