down payment needed for investment property
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 101% |
| Lender Rate: | 20% | Borrower: | hermanita |
| Finished | State: | NC | |
| Funded: | 100% | Group: | Everyday People |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-17 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| May 17, 2007 | Current |
| Oct 17, 2007 | Payoff in progress |
| Oct 20, 2007 | Paid |
|
Hi, thanks for considering my loan. I am 41, mother of 2 boys. (17 &3) Both boys help work on rehabbing houses and we have a great time learning together! It is my full time job. I am seeking this loan for an investment property. I already hold 10 properties and all (except the one I?m living in) bring in cash flow and have some equity holding in them. This particular property: 8 acre/3 houses/pond/fenced in/storage units Appraises @ $188,000 (done 7 months ago). $1625.00 per month in potential rental profit Owner financing @ $175,000 with down payment of $15,000 I have $5K of my own money to put into it. mortgage BELOW utilities/insurance, etc $455 a month credit-cards $450 Mortgage payments $5985 a month income 9 houses 7705 a month INCOME: $7705 + 600 (child support) I take my finances very serious because my INCOME depends on it! It?s in my BEST INTEREST to pay all bills on time. I will not let you or my group down! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 91617 | home improvements | E | $5,000 @ 14% | Jan 31, 2007 | Expired |
| 94628 | Fix credit report | E | $4,500 @ 12% | Feb 07, 2007 | Expired |
| 110721 | Paying off high interest credit cards | E | $5,000 @ 13% | Mar 13, 2007 | Withdrawn |
| 124503 | Down payment on Investment/DTI wrong/max interest allowed | E | $6,000 @ 13% | Apr 16, 2007 | Withdrawn |
| 223294 | Last investment successful, ready for a new one. | D | $18,500 @ 20% | Oct 30, 2007 | Expired |
| 235009 | Giving THANKS! Read why! Loan for real estate. | C | $10,100 @ 19% | Nov 20, 2007 | Loan created |
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