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    2 Replies Latest reply on Mar 21, 2009 9:10 AM by bmt2008

    Real Estate Financing, Please Help

    AAARentalProp Newbie

      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




      Ph: 224-628-1417