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User Stats

372
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117
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Jamie Parker#4 Real Estate News & Current Events Contributor
  • Real Estate Investor
  • Memphis, TN
117
Votes |
372
Posts

Looking for Private Money to Partner on Fix and Flips

Jamie Parker#4 Real Estate News & Current Events Contributor
  • Real Estate Investor
  • Memphis, TN
Posted

Looking Private Money Partner to either Carry HML(equity) or Bring Capital(Debt) to Fix and Flips and Multifamily Aacquisitions.

My Business plan: 

On and Off Market opportunities if viable. 

Fix and Flip single Family [ARV 150k - 350k Memphis MSA/ Middle TN]

Multifamily 10-100 units  [AR, TN, VA, NC]

**New Construction  [South Memphis/Middle TN

Current fix and flip Project

Acquired On MLS

Partner bringing equity get 60/40 split

Under contract set to Close 24 Aug

Purchase 190,000, Rehab 25k ARV 330k.

Vision

Property values are becoming more favorable investment. Current property is 65% ALL IN [considering Purchase and Rehab] and 70% ALL IN [purchase rehab and debt]. We will leverage local Real Estate Networking groups and Trade Show contacts for sponsored Contractors. We will perform inspection optimized rehabs to help minimize rehab budgets. This will also shorten the time from Acquisition to On-the-Market.  We have Lenders with terms as low a 1pt origination and rates starting 9.75%. We are looking to source equity to pick up more projects and close from 10-20 deals per year. 

Feel free to reach out

Jamie Parker 

[email protected]

662-985-0543

Most Popular Reply

User Stats

611
Posts
314
Votes
Jordan Ray
  • Real Estate Agent
  • Memphis, TN
314
Votes |
611
Posts
Jordan Ray
  • Real Estate Agent
  • Memphis, TN
Replied
Quote from @Jamie Parker:

Looking Private Money Partner to either Carry HML(equity) or Bring Capital(Debt) to Fix and Flips and Multifamily Aacquisitions.

My Business plan: 

On and Off Market opportunities if viable. 

Fix and Flip single Family [ARV 150k - 350k Memphis MSA/ Middle TN]

Multifamily 10-100 units  [AR, TN, VA, NC]

**New Construction  [South Memphis/Middle TN

Current fix and flip Project

Acquired On MLS

Partner bringing equity get 60/40 split

Under contract set to Close 24 Aug

Purchase 190,000, Rehab 25k ARV 330k.

Vision

Property values are becoming more favorable investment. Current property is 65% ALL IN [considering Purchase and Rehab] and 70% ALL IN [purchase rehab and debt]. We will leverage local Real Estate Networking groups and Trade Show contacts for sponsored Contractors. We will perform inspection optimized rehabs to help minimize rehab budgets. This will also shorten the time from Acquisition to On-the-Market.  We have Lenders with terms as low a 1pt origination and rates starting 9.75%. We are looking to source equity to pick up more projects and close from 10-20 deals per year. 

Feel free to reach out

Jamie Parker 

[email protected]

662-985-0543

Hey Jamie! Try out Avalon Capital, they are 100% purchase & rehab up to 75% of the ARV (yes, even for newbies). I am tagging the loan officer @Robert Bell best of luck to you!

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Jordan Ray - eXp Realty
5.0 stars
109 Reviews

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