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Mani Festo
  • Real Estate Investor
  • Austin, TX
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Hard Money Needed: 642 Mid-Score, 600K purchase

Mani Festo
  • Real Estate Investor
  • Austin, TX
Posted Aug 3 2008, 10:49

I am looking for a hard money deal to purchase a rehab SFR. Purchase price 600K. Needs about $65k in rehab. ARV is $900K (comps are higher). I want to be able to get into this with as little out of pocket as possible so I would want it to be possible to roll the payments etc into the loan. At least 3-4 months of payments anyway. I don't want to mess with documentation etc. I am sure the seller would be willing to carry a second if the numbers are cutting close.

I don't know if it helps but my LLC has an 80 paydex listed with D&B since 1999 and Business Experian score of 97 listed since 2001.

Exit: I want to refi and hold. Second choice: Sell.

Again, I would like this to be an equity based approval. I will PG if I have to - but I don't want to have to jump thru hoops of providing financials etc. preferably close in name of LLC if possible.

Can anyone get this done?

Thanks! :D

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