Finish Remodeling and Reinvest in Prosper
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 28% |
| Lender Rate: | 11% | Borrower: | twentythreeloans |
| Finished | State: | OR | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-21 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
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I'm a year-long Prosper lender with over $10,000 currently loaned to other users. I love this place. Purpose of loan: I'm renovating a home in my neighborhood to use as a rental. I have excellent credit, but most of my liquid assets have been tied up in Prosper and my retirement accounts. I have access to other sources of funding and a fair amount of equity in my homes, but I'd rather pay my fellow Prosper users than a faceless corporate bank. With your help, I'll get the cash I'd like and you'll get a reasonable rate of return. My financial situation: In addition to my full-time job and consulting income, I own two great rental properties in the Portland market. Both are cash-flow positive with responsible long-term renters. I have excellent credit and have never missed a payment. I've set up everything with autopay, so debts are always paid before other spending. You won't need to worry about your investment in me. Monthly income: Salary: $2,950 (after tax) Rental income: $2,775 Computer consulting income: $450-1250 / month Prosper.com loan payments: $425 (conservative average) TOTAL: $6,600 - 7,400 / month Monthly expenses: $ Residence mortgage: $ 1420 Car / Home Insurance: $ 120 Car expenses (I usually bike): $ 40 Utilities (shared with housemate): $ 65 Phone, cable, internet: $ 40 Food, entertainment: $ 350 Clothing, household expenses $ 300 Rental mortgages / expenses: $ 1900 Student / other loans: $255 Savings / emergency fund: $500 TOTAL $ 4990 / month Remaining to pay this loan: $1610 - $2410 / month Thanks for bidding, and be prosperous! |
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