HML Or Private Investor 50% Return On Investment In 90 Days
Looking to Purchase a Property in Detroit, MI valued at $55K. Will sign a Mortgage for $50K. Lender only needed to fund a loan of $35K.
Terms: 15% Interest, 30-yr Amortization, 3 month term.
Will Refi in the 3rd month for lower Interest Rate. Property will be Owner-Occupied. Mortgage payments will be $750/mth and will be paid by Certified Bank Check ONLY, for proper doc. for refi.
Total Profit: $17,250
$15,000 (backend-upon refi) + $2,250 ($750 X 3 months) + $35,000 (your initial investment)
Need to fund loan by December 15th, 2003. If more strick terms are needed, will consider them.
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