Updated over 9 years ago on . Most recent reply
Seeking private money to fund Real Estate deal…
Hello fellow BP's I am currently seeking a private money partner to finance a portion of the rehab. The property is already purchased and we are midway thru completing our rehab.
Once fully rehabbed and rented, the property will bring in $6,000 per month. This would be more than enough to cover your investments payments and the expenses of the property.
This is short term financing for 30K at 15% interest only payments. I will have the ability to refinance in 6 months. Or if you prefer more payments, we can do a cash out refinance in 12 months.
We have a 10-unit apartment in Albuquerque New Mexico. Total cost into it is $300k, we are looking to refinance it for $450k. We will be able to start renting the units in 2-3 weeks.
PM me if interested. I can provide the property analysis upon request. Thank you in advance for taking the time to view this posting.
Respectfully,
CEL