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Updated over 10 years ago on . Most recent reply

ATTENTION INVESTORS: EARN 15% / 4 POINTS ON A SHORT TERM LOAN
I'm looking for an investor, to fund my next rehab project. I have under contract a 4br., 2ba., 2,030 sq.ft. two story home in Crete, IL. Acquisition and rehab costs(including contingency fund) combined are under 60% of ARV.
Home has large eat in kitchen, master bath, 2 car detached garage, living room and family room. Can be priced well below market average for quick sale. Projected 6 week turnaround.
Acquisition costs........$42,322 (including closing cost)
Carrying costs............$ 2,200 (120 days)
Rehab costs...............$44,500
Total...........................$89,022
ARV..........................$158,000
% of ARV.........................58%
Projected Sale Price $130,000
Email me for investor proposal or if you have any questions.
Most Popular Reply

- Real Estate Professional
- West Palm Beach, FL
- 13,509
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If the projected sales price is $130k, then the ARV is $130k.