So my target for this deal was to be as close to zero down as possible.
Property located in SE Atlanta close to Grant park.
Purchase Price: $210k
Rehab Cost: $90k
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?
Oh, note that I paid earnest money out of pocket for the amount $3,500.