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Updated almost 5 years ago on . Most recent reply

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Patrick Britton
  • Ann Arbor, MI
996
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1,509
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Seeking $15k - $20k to do condo remodel

Patrick Britton
  • Ann Arbor, MI
Posted

Looking for an equity partner to provide $15k - $20k to remodel an existing listing of mine asking $199,000. MLS# 1339758

Upon completion, will re-list for $230,000 - $250,000.  Equity partner shall receive their money back as well as ALL PROFIT once sold.  

For example, if the condo sells for $245k, the seller's net proceeds after taxes, commission, etc., would be roughly $225k.  Equity partner would then be entitled to $15k return of capital PLUS difference between 199k and 225k --> $26k.  

Send me a private message if you want more details including a thorough explanation of the risks.    

Looking for

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