BiggerPockets

I am looking for an investor of up to approximately $100,000 for the purchase and rehab of SFR bank owned homes for cash. The homes will be rehabbed and then re-sold at or below the low end of current retail prices.

I am in the Southeast Michigan suburbs and I am looking at homes in the Western suburbs of Detroit that are bank owned and priced at $20K to $80K that need an average rehab of $10K-20K, with a resale price of $70K to $130K, depending on the city.

The investor would put up the cash for the purchase and rehab, I will find the properties, check them out, make the offer, get the deal closed, manage the rehab, list the property for re-sale, handle the offers and get the deal closed. We will split the net profits 50/50, the average profit will be 20K-40K.

My company, [LINK REMOVED] has been in the construction business for 20+ years, I am also a licensed Michigan Realtor and real estate investor. I have extensive experience in rehabbing, remodeling and new construction.

Hi Mark,
I am currently looking mostly in Livonia, but I have recently extended my search to Westland, Garden City, Canton and South Lyon. I live in Northville.

Hi George,

The average home will be purchased at 65K, plus 5K purchase closing costs, rehab of 20K, 10K closing costs on the sale, 30K profit.

Please tell me more about your company, are you a hard money lender?

Thanks,

Greg

George,

Do you have any interest in lending funds for purchase/rehab/flip of Jacksonville Florida homes?

Thanks,
Greg