Updated almost 12 years ago on .
private money lender backed out last minute
A colleague of mine has is looking for 15-25k to fund a flip that is closing on monday. he has a hard money loan in place to fund the buy and had private money to fund the rehab costs but they backed out and he needs a new private money lender.
the return on investment is 12% or a reasonable agreed flat rate with a 6-10 month compleation and sale length.
purchase price is 125k
rehab cost is 15k-25k
arv of the property is roughly $225,000
message me if this sound interesting and i will put you in contact with him.
(and yes i did tell him about biggerpockets and that he should make account and post this himself many times on this and other deals but he has yet to do so.)