Results 1 to 6 of 6
Threaded View
-
11-16-2014, 04:42 PM #1
Reputation points: 10
- Join Date
- Oct 2014
- Posts
- 4
Owner of multiple free and clear rental properties wants to buy more
Clients:
Husband and Wife
Retired, retirement income ~$5k per month
Credit Scores 770+
Primary residence
Value 120k
1st 45k
Heloc 15k
Rental properties - All fully rented (total monthly rent roll = $3,675)
All properties in the name of their LLC
4 Unit
Value 100,000
No mgt
3 more SFR
All Valued at 60K with no mortgages
Accepted offer on a property with a purchase price of $44,000
willing to put 25% down
However they know that most don't like to lend this little so they have another property in mind for 44K that they would like to purchase.
So minimum loan would be 33K, but would like 77K.
Who would like to take a look at this deal. Seems to me to be pretty easy with as much equity as they have.
Please pm me or email me at Shawn@BusinessLendersOfAmerica.comLast edited by Shawn C. O'Neil; 11-16-2014 at 04:45 PM.
Similar Threads
-
Auto Sales and Rental?
By fundgorilla in forum Deal BinReplies: 5Last Post: 12-30-2014, 02:45 PM -
Merchant accepting multiple offers from different lenders at the same time?
By cashforbiz in forum Merchant Cash AdvanceReplies: 7Last Post: 11-18-2014, 10:47 AM -
Luxury car rental looking for a line of credit
By Ocean Financing in forum Deal BinReplies: 3Last Post: 09-10-2014, 08:51 PM -
need a loan collateralized on a property in FL ....free and clear
By clear2close in forum All Other LendingReplies: 3Last Post: 05-29-2014, 09:32 AM -
Trying to clear a UCC filing? Who is GCP?
By Businesscap in forum Merchant Cash AdvanceReplies: 11Last Post: 04-17-2013, 03:41 PM