Business Investments for foreclosure properties
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 9% |
| Lender Rate: | 10% | Borrower: | thegreentree |
| Finished | State: | OR | |
| Funded: | 100% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2007-02-12 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Feb 15, 2007 | Current |
| Nov 27, 2008 | Late |
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Hi my name is Paul, I am 24yrs old, and have been married for 4 years. I got self employed exactly 1 year ago and had a combined gross income of 160000. That splits 90k from my consttruction business ( I do interior woodwork) and 70k from flipping my house. Now I have about 30k saved up and I want to buy some foreclosure property or fixer-upper that I could sell for a profit afterwards. Right now I rent so I have a nice monthly income of 4k to 8k with my monthy bills being really low: Rent 800 Utilities 100 Phone 90 Installment Loans 530 Credit Cards <80 Total ~1610 That leaves me with 2400 to 6400 (not including my wife's income) to pay on this loan or invest in something new. Also the fact that I have worked in construction for about 4 years helps me with making good decisions in the house-buying and repairing process. My credit reating is excellent, the reason why I cant get a normal loan from a bank is because i dont have 2-3 yrs employment history. Also if I sel the property I would rather continue making payments on this prosper loan than pay it off immediately since that would allow me to reinvest. If you have any questions please send me a message and otherwise I just hope we can do this together. Thanks, Paul |
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Discussion For This Listing
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