Fund Real Estate Deal
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 27% |
| Lender Rate: | 11% | Borrower: | SeedSower |
| Finished | State: | NC | |
| Funded: | 100% | Group: | BORROWERS - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-31 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| May 31, 2007 | Current |
| Jul 27, 2007 | Payoff in progress |
| Aug 02, 2007 | Paid |
|
Purpose of loan: Pay closing costs on purchase of rental duplex. I will be putting down $3,000 and will keep another $6,000 in bank Already leased property brings bring in $800 month. PITI is $485. My financial situation: Fully employed and successful real estate investor. DTI is wrong, doesn't reflect recent paydown of $10K credit line. Monthly net income: $6000 Monthly expenses: $ Housing: $1000 Rental house mortage (PITI): $520 Insurance: $150 Car expenses: $320 Utilities: $90 Phone, cable, internet: $180 Food, entertainment: $600 Clothing, household expenses $50 Credit cards and other loans: $200 Other expenses: $600 - gifts to charity |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 207100 | Fund Real Estate Deal | A | $5,000 @ 9% | Oct 11, 2007 | Loan created |
| 338109 | Repairs to rental house | B | $15,000 @ 26% | Oct 06, 2010 | Withdrawn |
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