Nicole Booker
Abington, PA (USA)
Role(s):
21st Century Advantage Investments LLC
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Startup
Location:
Abington
Industry:
Real Estate
Year Founded:
2005
Number Employees:
INVALID
Description:
Real estate investors looking for investor in rehab project-Property worth 695k after cosmetic makeover- purchase for $480k plus $45k in rehab resale value by spring of 2006 $695k
Option 1: Supply me with financing of $560k as Joint venture or LLP. The $560 will be used to purchase, carry, rehab etc. ( I will even put 6months of mortgage interest only payments in escrow) In this joint venture the investor will receive 50% of the net profit. The investor would hold 1st lien position on the property and be paid out the invested money and the profit when it is sold. (Estimated profit is min. $50k within 6months)
Option 2: I will acquire the financing for the purchase of the property. The investor would give me $150k for the rehab; carry cost, fee’s etc. In this case the