FIRST SYNDICATE DEAL COMING ALONG NICELY!!

[Laurence Obi]

So my target for this deal was to be as close to zero down as possible.

Deal Info:

Property located in SE Atlanta close to Grant park.

Purchase Price: $210k

Rehab Cost: $90k

ARV: $400k

PML LTV Purchase: 90%

PML LTV Rehab: 67.7%

Total Down Required: $61k (Assumed closing costs).

Amount Syndicated so far: $30k

Outstanding but close to being achieved: $31k.

Well...Can someone please poke holes in this deal so I learn a thing or two?

Thanks.

Oh, note that I paid earnest money out of pocket for the amount $3,500.