Hi Fellow Investors,
I have a property in East Atlanta that is ready to be built on! The old structure has been torn down, plans have been drawn, and we are awaiting the permit! I am looking to raise some funds for additional rehab costs or JV with another investor/builder to get this gem moving. Let me know your thoughts.
Currently Invested: $270,000
We are offering 10% cash on cash return to any money invested. Other opportunities will need to be looked at on an individual basis.
Send me an email to: stephanie @ lafproperties.com
Thanks in advance,
@Stephanie Ferrante Your numbers seem interesting. $210k is new build or a lot of build number, but you mentioned doing an addition. Also your ARV is pretty high unless this is a great spot in EAV. Are you sure about this?
Last but not least, be careful promising a rate of return in exchange for an investment. You can offer to borrow money and pay 10%, but you cannot suggest 10% return for someone investing in the deal with you (equity).
@Rick Baggenstoss $210k is for a new construction build. Not sure I understand your first statement on that?
Thank you for your suggestions on the return. Yes, 10% on borrowed money but each situation would be review on an individual basis.. Of course we would come to a clear agreement prior to any money exchanging hands.