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Updated over 1 year ago on .

User Stats

23
Posts
7
Votes
Amani Clarke
7
Votes |
23
Posts

Looking for PML/ Capital Partner to fund 7 property portfolio

Amani Clarke
Posted

Hi BiggerPockets fam, I have a portfolio that I'm interested in acquiring. I plan on renting the properties out long-term to section 8 tenants. I've already been talking to the agent and have run my numbers. I will need $140,000 to get me to the closing table to cover reserves, down payment, and closing costs. If there's anyone interested I'm looking to structure the terms as the following 

Purchase Price $570,000

Private Money Lender/ Capital Partner $140,000

15% annual interest 

Interest Only monthly Payments

Get your money back in 18 months buyout/turnaround

If anyone is interested or wants more information please reach out!