We need $305,000 to purchase a single family, detached residential property in St. Petersburg, Florida. Acquisition of the asset is $260k and will require about $65k to rehab the house into a condition that will allow it to sell for about $385k. We are to make 20% and the equity partner is to make 80% of the net profits. We have the closing scheduled for next week thursday. The exit strategy is to sell retail to a family. The MLS rates the property on a scale from 0-1000 at 709 regarding "sell rating", which is an indicator the home will sell quickly. Expected hold time is about 5-8 months.
Ready to Ask For Funding for your company?
Post a Funding Request