Thomas Smith
Sammamish, WA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
TW's Travel
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Startup
Location:
Sammamish
Industry:
Transportation
Year Founded:
2013
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Sole Proprietorship
Description:
Hello I am looking to venture into the Travel business and real estate. I know that since 911 that more people have traveled after then before. I am venturing into the real estate as well. Now is the perfect time to but and flip houses. I will use my Travel business to secure the return of the funds loaned to me. I am looking for an investor for a loan of $300,000 that will be repaid over 3 years with installments to re-pay with interest of 30%. Hope to hear from soon. Here is one of many houses I have access to.
233 Vine Ontario. Ca.
Purchase price: $41k
Project rehab budget: $100k - rehab loan taken out for 1yr @12%, 1% per month I/O.
Purchased Jan 2011, started rehab end of February.
Est. Completion date July 1.
Total costs, including interest payments- $147k.
ARV - $ 285-300k.
Projected profit: $135-150k
Take out financing in place to cash out lender upon release by city. We have several more city acquired properties available within this area from $25-50k. Many have similar issues which allow us to purchase them for 8-10% of retail value.