Florida JV Partner Wanted For Occupied 1st Lien NPN
Looking for a $50k Joint Venture Partner to help us acquire this occupied, 4/2 SFR, 1st lien Non-Performing Note in Florida.
Florida is hot, hot, hot, and values are steadily increasing for nice properties in good neighborhoods.
We can pick this up for about 60 cents on the dollar, including taxes. Average rents are almost $400 higher than the monthly payment, which will motivate the homeowner to stay and work with us. Our primary focus is to get the them repaying the note. We will fix it, then flip it after a year of "seasoning."
Three Exit strategies are:
- Flipping the rehabbed note in one year, for a possible 75% ROI*
- Obtaining a Deed-In-Lieu of Foreclosure and renting for a potential 20% Yearly COC Return*
- Foreclosing and selling the REO for a potential 29% ROI*
If you are interested, please contact me right away.
Christopher Winkler
The Note Whisperer
Silverwood Capital, LLC
1-714-434-1441
*All numbers based on current valuations, and as always, the information provided here depicts potential investment returns and cannot be taken as a guaranteed return on any investment. All investments have inherent risk. We strongly advise you seek advice from an investment professional or attorney before committing funds.