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Updated over 9 years ago on . Most recent reply

User Stats

8
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0
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Michael Penrod
  • Realtor
  • Phoenix, AZ
0
Votes |
8
Posts

Experienced Client Paying 14% to 20% for capital funding

Michael Penrod
  • Realtor
  • Phoenix, AZ
Posted

In Phoenix, AZ I have a client that is an experienced home remodeler/flipper working in the high demand/ high return Biltmore, Arcadia, and Phoenix historic districts.

The opportunity is that my client is offering to pay high returns secured by his real estate projects.  Project durations are typically 6 to 9 months.

Client is offering to pay 15% for 100% financing for  acquisition and value-add rehab. Average projects run between $250k to $275k on homes with ARVs of $350k to $400k.

Client is offering to pay 20% for GAP funding (rehab amount only).  The average rehab/remodel is $70k to $100k.

Passive high-yield income secured by real estate.  Please contact for more info.

Offering

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