Dustin Walton
Interlachen, FL (USA)
Role(s):
Founder/Owner/Principal
DLW
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Startup
Location:
Interlachen
Industry:
Investing
Year Founded:
2009
Number Employees:
1-10 people
Description:
Desired Amount 22000
Up to 6 month single balloon payment plan
Projected Repay amount 26400
Approximate two to six month turnaround due to time to win an auction, getting the Quiet Title, and then selling the property.
Initial Investment 10712 to 22000
My net after Repay 13600 to 76176
My estimated lowest monthly net = 2266.67
My estimated highest monthly net = 38088
Tax Deed #1 High Resale Low Resale
estimated price (Low) 8712 8712
estimated price (High) 20000 20000
estimated resale (Phone # removed)0
estimated expenses 2000 2000
estimated net Inc (p-Low) 91288 51288
estimated net Inc (p-High) 80000 40000
There are four properties I can use this loan on at the December Ninth and Sixteenth auctions, therefore the odds of me winning one of them is very high due to there normally being zero other bidders! Even should I not, they hold auctions weekly with plenty more potential properties.
(This property has the lowest income potential of the four I am currently looking at.)
I resale to real estate investment companies for fast turnaround time and limited potential losses per time and money invested.