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Updated over 17 years ago on . Most recent reply

Kalonji Mitchell's profile image
Kalonji Mitchell's profile image
Kalonji Mitchell
  • Investor
  • from Chicago, IL
  • Member since May 28, 2008

User Stats

80
Posts
24
Votes
Kalonji Mitchell's profile image
Kalonji Mitchell's profile image
Kalonji Mitchell
  • Investor
  • from Chicago, IL
  • Member since May 28, 2008
Kalonji Mitchell
  • Investor
  • Chicago, IL
24
Votes |
80
Posts
Real Estate Deal Analysis & Advice

Help on structuring - Chicago, IL

Kalonji Mitchell
  • Investor
  • Chicago, IL
Posted

I have a property in which I have already secured private money for the rehab of the property. Problem, I only have some of the purchase price. Here are the numbers:

Purchase Price: $60,000 (I have $20,000)
Rehab Cost: $70,000 (already secured)
Amount needed: $40,000
ARV $310,000 - $365,000 (based on appraisal that is completed)

Is there either a Private Money source or creative way in which I can structure this deal?

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