Established investor looks to diversify
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 17% |
| Lender Rate: | 10% | Borrower: | Early_Success |
| Finished | State: | ID | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-03-15 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Mar 15, 2007 | Current |
| Aug 11, 2007 | Payoff in progress |
| Aug 16, 2007 | Paid |
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Fellow lenders, welcome to my listing! I would like to start by stating that I do not need this money. I am an established investor in real estate and am looking to diversify my investments and earn a respectable rate of return. Once funded, I will use the proceeds entirley to fund more loans on prosper. About the borrower:I am 26 and a homeowner in Boise, Idaho. I I currently have about 50K in equity in my house and an untapped line of credit of 20K. I have a B.S. in Natural Resources and an M.S. in Environmental Science and have been in my current job for the past two years since finishing graduate school. I currently own 4 rental prooperties which combined cash flow $800 per month. I also have considerable equity in my investment properties as the market here went through a large boom last year. I consider myself to be a very safe and strategic investor. Thanks for looking Monthly Finances: Income: Current Employment Income: $3,283 Investment Income: $800/month cash flow (4 rental units) House mate: $350/month Total: $4,433 Fixed Expenses: Mortgage 806 Telephone/internet 83 Water 24 Sewer/Trash 30 Power 38 Gas (Heat) 70 Cell Phone 50 Car Insurance 42 Student Loans 208 Fixed at 2.5% Life Insurance 35 Roth IRA 333 401K 263 Variable Expenses: Food 150 Gas (vehicle)150 Entertainment 200 Total Expenses: 2,482 Cash Left: $1,951 |
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