i need money.....

Financing, Hard Money Lenders, Private Money
1

On another newsgroup here, i mentioned an opportunity to buy a 4 family unit bldg with great RR opportunity. The units each need about 13k in repairs. Here is the scenario

500k for the bldg = 125k per unit
5300 = RR = (1400 x 3(3br) + (1100x1(2br)

i’m approved for the mortgage loan and closing costs

i’m willing to do the improvements with a contractor in my area and will have the units ready two weeks after closing. My need is the repair costs.

Is it possible to find an investor to provide a note or partner with?
Am i asking for too much?
Is there life in the universe?

2

Hello, Is there a business attached to this property? If so, then you could use a commercial loan. If not, you would need a residential loan. Hope this helps.

3

You already have the approval for the mortgage? Is this correct. Is the contractor’s fee already included in the repair costs?

You might be able to get a line of credit for the repairs? Is there any equity in the building?

Would the contractor become your partner for a percentage? what is your percentage rate?