Joanne McMillion
Glen Burnie, MD (USA)
Role(s):
Founder/Owner/Principal
AA Rentals
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Startup
Location:
Glen Burnie
Industry:
Real Estate
Year Founded:
2008
Number Employees:
1-10 people
Description:
I am looking to purchase a real estate property on Tuesday, August 5th at auction and need the 20-25% down payment.
The property has four detached homes on 1.45 acres and the rental income would pay for the mortgage. I qualify, but lack the cash for the down payment.
I know this is short notice, but I already own three other rental properties, so I have the experience. I can start an LLC, or corporation or whatever it would take.
I need $150-$200K.
This is a fantastic opportunity!!!!!! I would be willing to do a 5-year balloon or let you finance it for me or you could propose other reasonable ways to put this together for us.
The county has assessed the property at $638000 and I expect to pay $550-600k at auction.
Any ideas or help????
P.S. I had to put a company name in the block, but I do not have a company, as such.