Updated over 9 years ago on . Most recent reply
Dallas Texas / 29% ROI / $430K ARV / GAP Lender(s) wanted
Dallas deal needs funding - If your an investor looking to make 25% return on your investment in 6 months we have a Dallas property near White Rock Lake and walking distance of the Dallas Arboretum. The home is 1288 sf now. We will completely rehab existing structure and add 995 sf bringing the home up to 2283 total sf. Homes in Little Forest Hills average over $220 per SF. Here are the numbers:
$205K PP
$125K Rehab
$430K ARV (conservative)
$17,190 Gap lender's profit
25% ROI
50% AROI
$69K Gap funds required
Note: ARV is conservative at $430k, we will likely sell for $440-460K. Marketing will begin early in the project. Design drawings for permits are ready, Contractor is set to go soon after closing on 3/11/15. We are looking for gap lenders and welcome multiple investors with minimum of $20K. If you are interested and want more information call 214-649-6536 or email [email protected]