Looking for funding right away on a Single Family home that i have under contract;
Foreclosure under contract for $59K
Tax Assessed at $135K
Rehab Budget of $10K
Buyer that is pre-approved for $110K purchase price
This project is a 2 bed, 1 bath with full garage on a 1/2 acre of property.
I'm slated to close on the property next Friday the 12th of March and have just received news that funding is not coming through so I'd be willing to split the profits 50/50 for this deal. I would need to know by end of day Thursday or I will need to pull out of the contract and get earnest money back.
Have contractors lined up and property will be ready to be on the market in approx. 1 1/2 weeks from close date. Need the buy price of 59K and will fund the improvements myself along with closing costs.
PM me right away if you have interest. This is likely a 2 month loan with approx. 15K profit on 59K investment or approx. 300% APR!!!
Luck is when Preparation crosses paths with Opportunity!