labman0's blog

Funding needed :
Loan Amount $20,000 for REO under contract
Rate 10% -15%
Terms short to mid term 6 months to 2yrs
Payments Interest only payment until financing or sale--Balloon payment due at end of agreed term
Down payment (open to down payment to have skin in the game if necessary)
Closing Date 3/16/12
Exit Strategy (Clean up) Flip or get financing buy, hold,and rent.

Property is at:
3645 Yale Avenue
Winston Salem NC
3BR 1Ba Garage 950sft (est) Good rental area commands $600/month + Sect.8 at $675/mo
Comprable homes in community valued at just under $50,000 (tax value). Has recent remodel and updates in place.