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Ibrahim Hughes
Pro Member
  • Real Estate Consultant
  • Bloomfield, NJ
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Experienced Rehabber Looking For 50/50 Funding Partner (Rahway, NJ)

Ibrahim Hughes
Pro Member
  • Real Estate Consultant
  • Bloomfield, NJ
Posted Mar 26 2015, 06:47

Hi All.  I'm an experienced rehabber (15+ years) looking to establish a 50/50 joint venture with a funding partner on a light rehab. The property is a 2 family in a stable neighborhood of Rahway, NJ.  A quick snapshot of the numbers are below. Please PM me or email me at [email protected] for more questions.....

Purchase Price & Acquisition Costs: $115,000

Rehab Estimate: $12,500

Total Capital Required: $127,500

Projected Resale: $175,000

Projected Gross Profit: $47,500

Project Timeline: 2-4 Months

Projected Net Profit: $ 32,450

Investors 50% Profit: $16,225

Investor's ROI : 12.7%

Investor's Annual Yield: 38.2%

Looking for