Funding For Deals
Hello All,
I am an investor in Dayton, Ohio continually searching for private funds to be used in my transactions. All investors' money has a 1st or 2nd position mortgage secured by residential real property.
Typically, I buy homes in the $50,000-$150,000 range that have been foreclosed on by lenders, or are for sale by private owners. The homes are sold at market price to a retail buyer after the improvements are made by my contractors. The turn-around time will vary; with a range between 3 and 24 months.
I am willing to pay between 7-13% on 55-75% LTV deals. I will pay up to 7 points, but any that are paid up front will come from the amount borrowed. In addition, I will need funds to be accessible within 36 hours of myself submitting the deal for approval.
If this is an arrangement that interests you, please return my message with some information about your position. Feel free to write or call me.
Thanks, James
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