This has been a really strange week. My partner and I have been really busy and as a result I have neglected my blog. For this I apologize. We have been busy with some really good REO deals and the reason I am writing this post is to see if any of my readers out there may have some money they are interested in investing for a short term deal.
We have purchased a really great deal and our usual funder is currently out of cash and we are racing around looking for funds to close this deal by Feb 21st.
It is at about 65% of ARV and we will either do the loan as straight loan deal or give a participation depending on what you want to do. The amount needed is $162,500 and you will receive a mortgage, note, title insurance and named as primary insured on the hazard policy.
If you have a self directed IRA that you use for investing or are interested in investing some cash let me know immediately. We will need the entire amount from one source as we do not fractionalize mortgages.
Normal blog stuff will return tomorrow.
Yours in Success,