I'll Fund (with Interest) Your Fix & Flip, Let Me Know
I have capital and looking to fund quick fix & flips to receive 12-15% interest + 100% of the capital back when you re-sell. Collateral would be the property.
Scenario:
-Let's say you find a property that's as-is value for $250k
-You negotiate with the seller for $175k (70% of as-is)
-I would fund it at 80% (so you also have some skin in the game; ex. $140k) with the expectation of 12-15% interest + the full 100% of the money back within 2-3 months
If you re-sell it for $240k, you would pay me the 12-15% interest ($17k-$21k) + $140k, and would keep the rest (in this example $64k-$71k)
If you cannot re-sell the property in-time, I would own the property (collateral) since I've financed it.
Looking for only experienced people (must have sold 20+ in the past 1-2 years doing this) who buy properties at discounts and re-sell quickly (2-3 months) without doing major rehabs, etc.
If interested, let me know.