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Updated about 7 years ago on . Most recent reply

User Stats

47
Posts
13
Votes
Constance Chambers
  • Rental Property Investor
  • Athens, GA
13
Votes |
47
Posts

have a deal x 2, need private money lender in Georgia

Constance Chambers
  • Rental Property Investor
  • Athens, GA
Posted

after 2 years of analysis paralysis, i have an off market deal for a SFH & a MLS deal for a duplex...in Athens GA. made both offers today, conventional loan wont be an option for a few months for us. Both owners "just want out" & have managed the rentals themselves and are tired of the headaches. The properties are well below FMV, the SFH is 30k less than tax assessed value for 2018 (he inherited the property) and have great rent roll history over 5 years. The duplex price has been dropped again today! they are asking 149, but we are offering 125...per our calculations will work for our desired cash flow per door. (both properties will be buy and hold...brrrr is the plan for the sfh)

Looking for

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User Stats

2,113
Posts
195
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Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
195
Votes |
2,113
Posts
Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
Replied

Our underwriters will Lend Nationwide.  

Sample Deal with
23 Unit Complexes
$ 183,992.00

Annual Expenses for 23 Unit complexes of 1-2 bed rooms
Taxes....................................................................................$ 18,000.00
Insurance..............................................................................$ 9,099.00
Maintenance (10%)..............................................................$ 16,399.20
Management (8%)...............................................................$ 13,119.36
Vacancy (5%)......................................................................$ 8,199.60
Total Expenses....................................................................$ 64,817.16
Net Operating Income..........................................................*$ 119,174.84
Working Capital required......................................................$ 850,000
*Owners projected net

To Finance  your deal or a deal like this, you need nothing except a 680+ credit score and

a corporate entity. Nothing will be reported to your personal credit, and if you don't have a

corporate entity, make your application as a D/B/A of ("HIPCO") Hamilton Investment Properties Community Housing Development Organization.  We offer you membership on

our I.R.S. designated 501( C )3 non profit tax exempt Community Advisory Board.

CLICK THE LINK BELOW AND QUALIFY ON LINE NOW:

https://nationalcc.wufoo.com/forms/term-loan-application-zb4s56b0mp5ze Thanks, and if any trouble with the LINK just give us a call

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