What Is A Hard Money Loan?
Have you heard of the term “Hard Money” and wondered what it is and why you would need it? Find out in this video with Mike Bonn.
Have you heard of the term “Hard Money” and wondered what it is and why you would need it? Find out in this video with Mike Bonn.
You’ve found the perfect property and are wondering what to do next. Let us help you with the best path to achieve your investment property goals.
Here’s a great wholesale opportunity for investors!
As a hard money lender we are here to be your “One Stop Shop” offering funding and networking for your investment deals. Here is the information from the seller, one of our investors:
Property Specifics –
Address: 34121 Overland Loop, Elizabeth, CO 80106
Bedrooms: 3 /Bathroom: 2/ 1,884 sq. ft.
Bathroom(s): Upstairs bathroom needs to be redone. Downstairs bathroom needs a new vanity and vinly tile needs to be replaced with tile.
Kitchen(s): Countertops need to be replaced, Cabinets look like they can be reused. Appliances are in good condition.
Roof: 14 Years old
Exterior Walls: Pressed wood siding needs to be repaired and repainted.
Interior Walls: Need to be repainted.
Windows: Need updating
Furnace/AC: Brand New HVAC
Water Heater: Replaced 5 years ago
Foundation: No Known Issues
Plumbing: No known issues other than an elbow leaking in the laundry room (plumbing is exposed for easy repair)
Electric: Will want to have an electrician go in and check wiring that was done as part of a partial remodel. (Room addition)
Additional Condition/ Property notes:
Permits were not pulled for the remodel.
Picture Link:
https://www.dropbox.com/sh/sualdzwv2c0n1vr/AAAQbOjPilOWl9bcyHcToIARa?dl=0
Property Seller/Tenant Situation:
Closing is set for August 10th, 2021. The seller needs to stay in the property until August 24th, 2021.
The numbers:
ARV: $475,000.00
Repairs: $55,000.00
Purchase Price: $332,000.00 Thank you for submitting your best offer.
***All our properties are contracted prior to us putting them out. Please be respectful to the seller and their privacy***
Regards,
Chris Arellano
CAM Homes
719.301.5606
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