Looking for a private money lender
Hello BPers:
I am looking to rehab a duplex I own free and clear in Spokane, WA. Here are the details on the opportunity:
1884 sq foot house = 942 per unit
Built in 1923
Cost of Renovation = $70,000
Estimated ARV = $130,000
Time to rehab = 4-5 months
Exit Strategy: Upon rehab completion, I'll get a traditional mortgage and pay back the Private Money Lender in full, plus 10% interest ($77,000).
About me: I'm currently completing my 2nd rehab on an investment property. I do not live in Spokane, but I have a General Contractor I've been working with this past year, and I travel there occasionally to check on things.
I can send you pictures of my other projects if you'd like.
Let me know if you are interested and thanks for your time!
Gene
Most Popular Reply
Not yet...we're going to get there though! Stay in touch with me!
