I am looking for financing to expand my real estate business AAA Rental Properties LLC. The company owns 4 properties in a very good location of Chicago suburb called Schaumburg which generates a rental review of $62,400 yearly with Net of $14,000. In 2008-2009 the company bought another 2 properties for $90,000 each and sold them for $140,000 each making another $60,000 Net. I am looking to expand on this and buy about 5-6 properties alone this year ranging from $60,000 - $70,000 and sell them around $130,000 - $140,000 making on an average of $40,000 per property. I am not able to get conventional loan before of new Freddie Mac restriction of maximum 4 investment properties.
I have a capitol of $90,000 in hand but need more money to buy 2 properties at a time and put more money for fixing them up. I need some finance. Please help.
I can provide all details like
1) Rental income proof,
2) Two properties that I rehab buying and selling statement
3) Capitol funds
4) Personal Credit Guaranty
5) Etc
Email: aghahali@hotmail.com
Ph: 224-628-1417
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