Potential funding partner needed for Philadelphia Investment

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Potential funding partner needed for Philadelphia Investment

Brooklyn, NY · Member since 2013 · 154 posts · 12 votes

Hey guys currently have a potential rental property which im looking to acquire in the philadelphia area. 

Address: 1900 block of waterloo st

3 stry, 2128 sqft, zoned: CMX2

currently a 2 bed 1 bath but can be reconfigured to a 2 units with 2/1 and a commercial space can be leased out on 1st floor.

asking 199k (can negotiate seller down a bit on price)

rehab: 50k+ (taking a few bids to find best price)

seller is willing to seller finance this property with 20-25% DP.

Im seeking a partner who would be willing to provide the down payment and possible (construction loan) for a set % of interest (6-8%)

loan payoff + interest would be paid out upon Refi

feel free to contact me for more details on deal. Thanks

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