Tim Reine
Murfreesboro, TN (USA)
Role(s):
TJR Solutions
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Startup
Location:
Murfreesboro
Industry:
Real Estate
Year Founded:
2008
Number Employees:
INVALID
Description:
Beginning to invest in Real Estate and looking to private lenders for capital. Can offer 20%-30% ROI in a 5 year period.
Basic model: Use capital to purchase and rehab property. Loan is 4% interest only. After 5 years will sell the house at 90% of new appraised value. Individual holding the loan receives 25% of net profit from sale of the house after loan is paid off and all costs paid.
For example: $80k loan to buy and fix up a distressed property. After repair value is $100k. $80k loan at 4% interest only over 5 years equals $16k in interest payments on loan. Thinking conservatively, house will be worth $125k after 5 years. Sell house at 90% of value for quick sale. That would be $112,500. After closing costs should have $105k from sale. Net profit after paying off o