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Updated over 6 years ago on . Most recent reply

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