- Real Estate Investor
- Memphis, TN
- 117
- Votes |
- 372
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Looking for Private Money to Partner on Fix and Flips
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
662-985-0543
Most Popular Reply
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!
- Jordan Ray
- [email protected]
- 662-642-1458