Purchase: $900,000
Rehab: $200,000
Resale: $1,400,000- $1,400,500.00
This home is a 3 bedroom, 1.5 bath built in 1957. We plan to turn it into a 3 bedroom, 2 full bath home. It is a slab on grade and single wall home. We will do a full renovation from new roofs, new ceiling, new drywall, new framing, new bathrooms, and add a laundry room. We are seeking gap funding of $250,000 for 12 months with an annualized interest rate of 12%.
Timeline: 6-8 months total on a 12 month promissory note.
Ideal amount needed: $250,000
We would like to start construction first week of July.
Laie Property Investments is owned by a general contractor.
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