Currently in a 45 day escrow and looking for 80 to 90% of $420,000 purchase price funding. I would go conventional financing but I don't want a prepay on an early sale. I want to rehab and sell quickly.
The current "as is" value is $499k. very solid number. The after repair value is closer to $530k,
The house is in fair condition, livable but not remodeled since the 1970's. I would like extra $20k funds for a rehab budget. It needs flooring, paint, roof and kitchen, bathrooms can wait. The square footage of the house is close to 1,200.
My plan is to clean it up, paint it, sell it, minor rehab and sell it within 3 months. If the market changes drastically for some reason, I would consider refinancing and renting. I just have completed 5 successful rehabs, one last year. My partner is a W-2 employee and can provide tax returns if needed. We both have FICO scores over 750.
My current residence if valued at approximately $700k and is mortgage free. I am planning on using a home equity line for the needed down payment. I also have saving, but would like to keep that as reserves.
If you are interested in funding this transaction, please let me know.
Just visit my website at http://www.samuelcthomas.com and fill out the application for funding. Thanks Sam
Hello Michael, Are you looking for an experienced, creative, and knowledgeable loan officer with a proven track record of successful closings, Sandy Pines Investments LLC is here for you!
Sandy Pines Investments LLC currently have funds available to lend for any deals concerning income producing commercial or residential properties.
Sandy Pines Investments LLC can help you secure a loan with interest as low as 5%-10%.
100% funding with minimum documentations.
Brokers are also welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.
I await to hear from you to discuss your loan scenarios.
Phone: (703) 646-6096
Here are details of this funding program.
For The Real Estate Investor That Wants to Buy, Rehab, and Sell or Refinance and Repeat.
$50,000 – $5,000,000
Documents needed to move forward:
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