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Realtor seeking funding yield 12.9% ROI
Posted by: Melana Scott on 11/29/2016 7:13:24 PM
Funding Needed:
Under $100k
Category:
Real Estate / Construction
Location :
Omaha, USA
Viewed : 739 times
Favorited : 0 times
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Description:
I am a licensed Realtor looking for alternative financing to purchase the condo I currently occupy. The owner would like to sell and has offered me an exclusive rate to purchase the property before listing it at market rate on MLS.

I am seeking a short term loan (6-9 months) to purchase the condo for $93,000 with intent to re-sell the unit after winter. My Investor will have 1st Lien to the property (deed) until loan is paid off in full with interest.

3 other units have been sold at this complex to other Investors within the last 12 months, 1 unit purchased by the homeowner, and the average sale for these condos is $105,000 and they have been selling pretty fast due to the location and price

Condo Details:
Condo located in ideal Omaha location, near Interstate, schools, churches and shopping centers

3 bdrm, 3 bath, attached 2 car garage, patio, appliances included, 1686 finished sq ft

This condo is one of a 20-unit complex, each condo individually owned with monthly association fees of $189.

Taxes $1,963.00 annually. Currently rents for $1,200/mo
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