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Real Estate Investing

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Listing Information
Amount: $8,500.00 Status: Loan created
Grade: C DTI: 11%
Lender Rate: 29% Borrower: davidcp1961
Time Left: Finished State: IL
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Paid Origination Date: 2007-11-21 EricsCC ROI: 28%
Status History
Nov 23, 2007 Current
Dec 14, 2007 Payoff in progress
Dec 20, 2007 Paid
Purpose of loan:
I am investing in real estate and have a need for some additional money to complete some work. My profit after I re-sell of the property will yeald me more than enough money to repay my Prosper loan. I am trying to make a better income for my family by starting my own business. I hope that someone will be able to help me with my venture to create my own business.


My financial situation:
I am in good standing financially but I need a little edge to get my real estate project going. After starting this project I will be able to re-invest my profits and create more income.
Monthly net income: $ 5540

Monthly expenses: $ 5000
  Housing: $ 1500
  Insurance: $ 350
  Car expenses: $ 210 
  Utilities: $ 330
  Phone, cable, internet: $ 105
  Food, entertainment: $ 570
  Clothing, household expenses $ 350
  Credit cards and other loans: $ 150
  Other expenses: $ 1000
Borrower's Other Listings
212958 Real Estate Investing C $20,000 @ 21% Oct 08, 2007 Expired
217944 Real Estate Investing C $20,000 @ 29% Oct 18, 2007 Expired
222546 Real Estate Investing C $25,000 @ 29% Oct 28, 2007 Expired
268285 Real Estate Investing C $10,200 @ 29% Jan 19, 2008 Expired
278175 Real Estate Investing C $8,500 @ 29% Feb 10, 2008 Expired

 

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