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Updated over 6 years ago on . Most recent reply

User Stats

166
Posts
48
Votes
John S Lewis
  • Jackson, NJ
48
Votes |
166
Posts

Looking for private money partner for NJ buy fix and hold deal

John S Lewis
  • Jackson, NJ
Posted

I'm looking for a private money partner for a recent acquisition that will be used as a buy, fix and hold investment.  Here are the numbers:

Purchase Price              $58,410

Expected Renovations $30,000

All in total                       $88,410

ARV $135,000

LTV ~65%

Expected Rent                                                                 1500 per month/ $18000 per year

Reserves for Vacancy, Taxes, Cap Ex, Maintenance                           ~    $  9000 per year

NOI ~ $ 9000 per year

I prefer to work with someone locally.   I live in Central NJ and will drive up to 1 to 2 hours to meet and discuss the deal further.  Please message me if you have an interest in holding a first lien position on this great deal.

Thanks.

Looking for

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