Hello BP, I am looking for a private investor for a 5-unit multi-family building in Michigan.
Total investment-$194,150 to purchase/rehab the property
ARV-$345,000, 56% LTV
Exit Strategy-Refi on back end after rehab and renting
Profit for Investor-20% ROI due at refi
The profit structure is open for negotiation as some states only allow 18% so something can be worked out for the other 2%. And sometimes the investor needs an equity split rather than what could be considered interest, etc. If interested please DM me your email address and I can send over the detailed proposal with all the information for you to make an informed decision. I'd be happy to answer any questions you may have! Thank you!
Have you been able to get in touch with any private investors ? I strongly suggest you contact one that I've worked with a few times and I was really impressed.
Thank you for your posts Jonathan and Vernon! If you could both DM me it would be greatly appreciated! Jonathan I'd love to hear more about the strategy you proposed and Vernon I'd love to connect with the private investor you referred to! Thank you both!!