Metro Detroit SFR Rental-to-Hold - $25,200 3/10 Note, 60% ARV - Perfect for Self-Directed IRA!

We just closed on a 4 bedroom, 2 bath home in the ring city (borders Detroit) of Hazel Park and are starting rehab.

Property will rent for $1100/month and will have a conservative ARV of $42,000

We're looking for a Note with a 3 year balloon term, 10 year amortization.

Property will have a 24.0% CAP rate, but more importantly a 14.0% ratio of cashflow/loan amount.

If you're interested, we can send Property Analysis and inspection video.

Please let us know your rate & points requirement.

Views: 53

Reply to This

Replies to This Discussion

 


Dear

I am sorry. I ask the loan

I beg you. Help. The father in resuscitation. Operation is necessary. A brain tumour.

The help is necessary. I ask about the help.

I ask help 20 thousand dollars for one month. Pledge my apartment. Under percent.

I the fair person.

I BEG YOU. FOR GOD'S SAKE. Help. I will return. I swear.

Help I ask.

I will return at once with percent.

I wait.

Sincerely
Kostylev Alexander.

Sincerely
Kostylev Alexander.
Russia. 660,062. Krasnoyarsk.
Street Visotnay 2. str 1. room 418.
Email: alekskkost5@yahoo.com
My private phone no: +79631818912
My private fax no: +7 (391) 2478387
Occupation: Adviser.
Age: 34 year
Single.
Sex: Male.
Skype; Alekskkost5

I not only represent a fund, the owner of the fund is a personal friend that has allow me to market and underwrite their program; first this is not a line of credit or an joint venture with a 50/50 split. This nationwide program is a swift solution (3-5 day to fund) for real estate investors with no advance fees to worry about. Thank you, I welcome working with you.

 

    Lending for Real Estate Investors Nationwide (Short Sales, REOs, Auctions)

 

  • 100% of the Purchase base on a 60% ARV
  • Property Types: 1-4 family, wholesale purchases, short sales, REO, Multifamily, Mixed Used
  • Terms: 12 Months Interest Only with No Pre-Pay Penalties
  • Fico 650, experience will always trump your fico or your financials
  • Rate 10% to 13%, no monthly payments
  • No tax returns or Bank Statements requirements
  • Points 2-3, points that can be rolled inside the loan
  • Loan amounts: $50,000 to $5M
  • The loan can be refinance or flipped: No Pre-Pay Penalties
  • 24 hours for an email quote
  • Commitment letter for your          seller much better than a POF
  • Contract issue the same or next day
  • Funding: within 3-5 days

 

Resume, 1003, Breakdown of the rehab, recent appraisal or BPO or comps

 

 

 

 

 

Have a Powerful Day

George R. Mallory,

VP of Finance, Underwriter

Mobile: 917-653-5215

Fax: 917-591-4601

Email: russellmallory178@gmail.com

RSS

© 2021   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service