Updated almost 4 years ago on .
Cash Out Refi Alabama 25k
Investment Info:
Single-family residence private money loan investment.
Purchase price: $60,000
Cash invested: $25,000
Borrower needed some cash out on a rental property for another investment. Property is cash flowing at 1k/month. More than enough to cover payment for loan. Borrower completed upgrades to the property as well.
What made you interested in investing in this type of deal?
Borrower had ample skin in the deal w great rental income from property
How did you find this deal and how did you negotiate it?
Broker referral
How did you finance this deal?
Private money financing
How did you add value to the deal?
12 month loan
What was the outcome?
Funded and closed.
