Buy Low Sell High Properties Owned but need TLC
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 60% |
| Lender Rate: | 34% | Borrower: | ProperIP |
| Finished | State: | KS | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-21 | EricsCC ROI: | 33% |
| Status History | |
|---|---|
| Aug 20, 2008 | Current |
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Purpose of loan: This loan will be used to finance my investment property business. Currently I own three multi-family properties in the greater St. Louis, MO area and also have a contracting team of six workers. With this funding I will renovate two of the three buildings and start section eight State Housing contracts for the less fortunate. My financial situation is currently in good shape, I always pay my bills on time. Additionally , I have a second home that is currently rented out and brings in a secondary income. My timeline for the development of my rental properties is expected before the end of September 2008. This property renovation loan will bring in a projected monthly income increase of $3,200.00. : I am a good candidate for this loan because I am a outstanding business mind, and I have worked hard to purchase and own these properties free and clear. My team is ready and prepared to get these units up to standards and rent/lease agreements coordinated simultaneously. I have the know how and drive to accomplish this, give me the finical opportunity and let me show and prove |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 377006 | Buy Low Sell High Properties Owned but need TLC | A | $25,000 @ 18% | Aug 02, 2008 | Withdrawn |
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