Jeff Ringnald
Dallas, TX (USA)
Role(s):
JMR Real Estate Now, LLC
Find More Startups
Startup
Location:
Dallas
Industry:
Real Estate
Year Founded:
2007
Number Employees:
INVALID
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
We currently buy distressed homes, fix them up and lease them out. Most of the properties we purchase are in low to mid value ranges; $80,000 to $150,000 fixed up. We typically purchase them at considerable discounts, fix them up and rent them out.
A current working example; we have a home under contract to purchase for $45,100. We estimate $5500 in repairs. The home should appraise for $89,000 when fixed up. Similare homes in the area rent for $825-$875.
We are looking for private money lenders to avoid the delay in and fees associated with bank financing... and, obviously to take our business to the next level.
Your money would be completely secured by the real estate... and can be short term (30-90 days) or long term (several years) depending on your goals as we can