Clearwater FL Flip w/ $80K+ Profit Available To Purchase

[Sean Richway]

Infinity Capital Finance is offering investors the opportunity to purchase a 2,650 square foot property in Clearwater FL. Purchase price is $585K and rehab is estimated at $70K. Only cosmetic repairs needed. Already have an ARV appraisal completed at $882K+. Closing date is September 8th. If you an experienced investor we can also provide financing for this deal through our no doc in house flip financing. Below is our financing offer for experienced investors:

• Total Loan of $573,300
• Purchase loan of $503,300 (86% of purchase)
• Rehab holdback of $70,000
• 10.99% interest
• 2.25 points
• 12 month term
• No PPP

I am factoring in the following assumptions in my profit calc:

• 10.99% interest only
• Financing $573,300
• Paying 3.25 points
• Carrying the project for 9 months to be conservative
• 1% in transfer taxes
• 1% in mortgage tax
• 1% title insurance
• 1% property maintenance and property taxes
• 5% sales commission
• $5,400 in misc. closing fees

Feel free to contact me if you are interested.  Pictures, comp reports, and SOW estimate are all available upon request.