Purchased $92,500 from whole seller Funded with $180,000 from private lender Total expenses $205,000 Sold for $299,900 in first week on the market Time frame from start to finish: 191 days Private lender profit: $7,535 (8% APR)
Purchased $20,000 from private seller (hoarder) Funded with $80,000 from private lender Total expenses $98,000 Sold for $139,900 in first week on the market Time frame from start to finish: 206 days Private lender profit: $7,535 (8% APR)
Purchased $61,000 from estate sale Funded with $118,000 from private lender Total expenses $120,000 Sold for $165,000 in first week on the market Time frame from start to finish: 216 days Private lender profit: $5,586 (8% APR)
Earn higher than average returns Secured by Mortgage & Note and recorded at courthouse Low LTV (50-70%), plenty of equity to lender Interest Paid from Funding Date to Payoff Date Rehab escrow held by title agent to protect equity Listed as loss payee on property insurance Follow the renovations, see the progress Funds can be reinvested quickly (30 days or less typically)
503 8 th St (Oakmont) $88,000 Purchase Price $148,00 Total expenses $200,000 ARV $135k-$140k funding amount 6 month estimated return: $5,600 (8% APR) New projects funding needed, between 1-3 properties purchased & also sold each month.
Tour current projects, locations include: Fox Chapel, Aspinwall, Lawrenceville, Shadyside, South Side, Upper St. Clair, Edgeworth, Monroeville, Brighton Heights, Emsworth Review upcoming loans available Schedule follow-up meeting Make arrangements for funding new loan