Updated over 8 years ago on . Most recent reply
Small project/big returns
I am going to be closing on a small buy and hold rental. Looking to partner with someone on the financing.
Investment is $15,000
Monthly interest only payment of 1%, $150.00
Principal of $15,000 returned after 12 months
$1800 return (12% annualized)
Secured by note and first lien mortgage
Perfect for the first time Private Money Lender. Great opportunity to start down the path of PML without putting forward a huge amount of cash.
You may ask; why do I need funding for such a small amount? I don't. I have self funded a majority of my 25+ projects, but I am looking to scale up my business and I want to get started slowly and small with my first funding.
I will be happy to answer any questions. Feel free to message me.