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Updated about 11 years ago on .
409 Foxtrace Ln, Hubert, NC 28539
YOJ Holdings has another solid opportunity to lend on a rehab project 409 Foxtrace Ln, Hubert, NC 28539. For this house we will be lending to Lou Ellis, with whom we have partnered on several successful deals.
Purchase Price: $61K
Repairs: $25K
Conservative ARV: $130K
PP + Repairs / ARV = 67%
This 3Bd/2Ba house offers 1,506sf and a HUGE backyard anda nice fireplace in the living room. Hubert is a town closer to the beachesthan Jacksonville, yet still minutes away from Camp Lejune. As usual, the scope of work will include all newflooring kitchen, bathroom, doors, windows, roofing, and HVAC, if needed.
For this property EAC has negotiated a return ofon a total of $87,000 in purchase and construction funding. Total hold time for this property is proposed to be 4 months. In order to protect the privacy of our investors, EAC LP will create a trust for pooling funds, manage the construction and, as always, Dr. Kevin Yoo will personally guarantee the investors’ principal. For these services and guarantee, EAC will earn a portion of the profits on the home directly from Lou Ellis. Investors retain the entire 2% per month return.
View this post on the EAC Group Blog
Kevin Yoo, M.D. | President
EAC GP, Inc.
858-449-9847