Cash For A Small Investment Property
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 14% |
| Lender Rate: | 13% | Borrower: | DiverseInvestments |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-08-24 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Aug 28, 2007 | Current |
| Jun 21, 2008 | Payoff in progress |
| Jun 28, 2008 | Paid |
|
Purpose of loan: I'm looking for some extra cash to purchase a small piece of property for recreational use. Property is going up for sale at a Sherrifs auction at the end of the month. Bidding starts at $4500, and I plan to bid upto $20000 for it. (I would use an additional $10000 from my personal savings). Property was valued by a local real estate broker for $34,400. My financial situation: I have never been late ever on any credit account. I make it priority to pay all bills on time everytime! I work a full time union job and have been with the same company for the past 3 years. My annual income is just under $63000 and rising each year. Monthly net income: $ 5127 Monthly expenses: $ $3250 Housing: $ 850 Insurance: $ 0 (I pay the policy in full) Car expenses: $ 500 (Fuel, Oil Changes, etc) Utilities: $ 150 Phone, cable, internet: $ 150 Food, entertainment: $ 500 Clothing, household expenses $ 300 Credit cards and other loans: $ 0 (I dont run a constant balance on my cards.) Other expenses: $ 800 auto deposit into a high yield savings This is the best risk you could take. I plan to run this loan full term since it has such a low monthly payment. I am at my state max of 14.28% |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 103750 | Extra Cash | D | $5,000 @ 12% | Feb 26, 2007 | Withdrawn |
| 103801 | Car Repair | D | $3,000 @ 13% | Feb 26, 2007 | Withdrawn |
| 103915 | Need to replace hot water heater! | D | $1,100 @ 5% | Feb 26, 2007 | Withdrawn |
| 104190 | Learning the Prosper Ropes | D | $2,550 @ 15% | Feb 27, 2007 | Withdrawn |
| 105253 | Prosper Investing PLEASE READ | D | $10,100 @ 10% | Mar 01, 2007 | Expired |
| 185843 | Cash For A Small Investment Property | B | $10,000 @ 13% | Aug 12, 2007 | Expired |
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