I have a property that has over $400k in equity. Balloon payment is due now. I have exit strategy for this deal. This will help pay off our current office which is work $200k. I owe $70k after a $40k down payment and $25k in renovations. Also have some investors that are looking to buy directly from me. This will help fund those deals as well. I have a lot invested on this deal.
Property Location:
Kenner, La. 70065
Purchased info:
Purchased in company’s name: CORE Construction and Real Estate Services, Inc
Bond for Deed $325,000
Closed 1/23/2013
$60,000 Down payment
Over $60,000 in renovation
Payoff Balance $265,000
Home Features:
Over 6000sf
6 Bedrooms
3 Full baths/ 2 ½ baths (All tubs are jucuzzi)
3 Fireplaces
Indoor pool/spa
Located on golf course
Property Value
$700,000 +
I am a licensed contractor and licensed real estate broker in the state of Louisiana. I have crews that can get the work done and a team to move the houses once renovated. A former state representative (Louisiana) and NFL player, I have a lot of up and coming investors who wants to follow in my footstep.
I am looking to build a lasting relationship with a lender to make this work.
Blessing,