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Updated about 16 years ago on . Most recent reply

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Brandi T
  • Real Estate Investor
  • Colorado
0
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66
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Opportunity to be lender - deal analysis?

Brandi T
  • Real Estate Investor
  • Colorado
Posted

I have an opportunity to the be the lender on a 4-plex REO that will be fixed and filled at 45K in Dayton, OH. The rents are 425/unit conservatively - section 8 rents are 480/unit.

I get paid 12% on the loan - 12 month term. I would also have 1st rights on purchasing the property outright after it is rehabbed and filled.

This would be my first hard money loan - any thoughts would be greatly appreciated!

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