Invest in Cashflowing Tri-Plex
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,700.00 | Status: | Loan created |
| Grade: | AA | DTI: | 31% |
| Lender Rate: | 13% | Borrower: | kindness-giant |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-18 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Sep 18, 2008 | Current |
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Purpose of loan: This loan will be used to purchase a partial ownership interest in a three (3) unit cash flowing building in Hawthorne, CA. For $25,000 I am going to have a 25% ownership Interest in a Triplex. Not only will my name be added to Title, via escrow, as a Tenant in Common, but I will also receive $400 (19% ROI) each month from the profit the building generates each month. I will also get 25% of all future equity apprediation. With mortgage lenders requiring 20% down to purchase real estate today, this is a wonderful opportunity for me to own a great real estate property for a limited amount of out of pocket cost. My financial situation: I am a good candidate for this loan because I have a limited amount of debt and pay all my bills in a timely manner. Additionally, in exchange for managing a 25 unit building in Santa Monica I receive a FREE (rent free) one bedroom apartment. The money I receive from this real estate investment would go toward paying the monthly prosper loan payment. |
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