Sussex County Investment

I have a contract to purchase a lake house in Byram NJ for $142K.  My funding fell through after a month of work, so am seeking an investor/s/.  Let me give you the details;

 

*3 bedroom/1 bath house in preforeclosure, 1 block from one of the lakes 5 beaches, and convert it to 3 bedroom/2 bath. House has city water, level backyard, paved driveway, and partial basement.  It is located in a very friendly family neighborhood, and with an ARV of $269-279K it is a great value for a new family looking to move out of an apartment and raise kids-mortgage would be less than rent, or those looking to downsize out of larger homes.

 

What we intend to do is:

 

INSTALL;

*vinyl siding

*hard wood floor

*new kitchen

*new appliances

*new bathrooms

*new windows

*window shutters

*landscaping so it has curb appeal

*central heat and a/c

 

CHANGE;

*large living room and original bathroom to master bedroom and living room

*current master bedroom to dining room and main bathroom

*huge laundry room into laundry closet, master bathroom, and large closets

 

FIX:

*driveway

*roof shingles

 

My line of credit is tied up with current projects, but need to act fast to secure this house.  I need the $142K for the purchase, and the quoted $48K for the rehab work.  Your investment is backed up with a lien on real estate with more than the loan value.  The return is 10%-annual rate-and paid at 6 months even if less with 3 month increments after, AND 25% of the net profit, all within 6 months to be repaid, giving you at least 20% interest equivalent!

 

Call me today to discuss, my cell is 973-670-2135.

 

Walter W. Stumpf Jr.

Xanadu Group Inc. 

You need to be a member of Real Estate Mixer to add comments!

Email me when people reply –
Kevin S Clark updated their profile
Jul 1, 2023
Kevin S Clark and DAVID WAYNE are now friends
Jul 1, 2023
Kevin S Clark updated their profile photo
Jul 1, 2023
Rob Beeman left a comment on Landlord Tenant & Squatter Group
"Although this comment is NOT related to tenants or squatters, it is related to real estate investing, so please forgive me if it is NOT supposed to be posted here. None the less, perhaps someone might find it beneficial for their investing…"
Nov 15, 2022
Rob Beeman posted a discussion
Real Estate Investing Knowledge & Networking VIRTUAL Event.Capitalize on the opportunity to gain knowledge and awesome networking in multiple ways at this FREE VIRTUAL Knowledge & Networking Event on Tuesday December 13th at 7PM EST!The meeting is…
Nov 15, 2022
Rob Beeman updated their profile photo
Nov 15, 2022
Rahul Patel updated their profile
Apr 29, 2022
Vivian Rivera updated their profile
Feb 18, 2022
Rob Beeman updated their profile photo
Jan 17, 2022
Rob Beeman updated their profile
Jan 17, 2022
Rob Beeman posted a discussion
Have an interest in real estate investing?Then we welcome you to subscribe to our FREE online newsletter delivered to the reader's email.So many mistakes are made because of lack of knowledge, lack of resources or lack of contacts! Mistakes often…
Jan 17, 2022
Jean-Paul Gerosa updated their profile
Nov 6, 2021
C updated their profile
Oct 18, 2021
T Craig Barry updated their profile
May 28, 2021
Vijay Kumar posted a discussion
We have Fresh Cut Bank Guarantee (BG) / StandBy Letter Of Credit (SBLC) specifically for BUY/LEASE Issuance by HSBC London / Hongkong, Barclays Bank, Deutsche Bank AG Frankfurt, and many other 25 top AA rated Banks. We also secure funding to…
Jan 1, 2021
Eva Jeani updated their profile
Nov 9, 2020
More…
Testing one 2 3