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Updated over 10 years ago on . Most recent reply

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Donald Banks
  • Investor
  • Joliet, IL
13
Votes |
60
Posts

ATTENTION INVESTORS: EARN 15% / 4 POINTS ON A SHORT TERM LOAN

Donald Banks
  • Investor
  • Joliet, IL
Posted

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.

Offering

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

If the projected sales price is $130k, then the ARV is $130k.

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