How to earn 20% on your Home's Equity
I have been on a kick lately. When I was asked what can I do with my home’s $200,000 equity? I have started to think of numerous ways families can access their equity to leverage it for income.
Idea: You can Fix & Flip houses with me. In a normal Fix & Flip, I get a loan from a private lender. The private lender only picks up part of the funds needed. The remainder is picked up by a Gap Funder (that’s YOU!). In exchange for your portion of the funds, I am willing to split the profit 50% / 50%. You get your principle back + 50% of the Profit. Let’s look how that would play out
Math Example:
ARV $600,000
Profit (10%) $60,000
Purchase Price $420,000 (we typically need to buy at 65% of ARV)
Private Lender 1st $390,000 (assumes 65% of ARV)
Repairs $50,000
All other Costs $25,000
Short $105,000 (Gap Funder 2nd, $105,000)
Upon final sale at 600k. Gap Funder gets $105,000 principle back + $30,000 (28.5% ROI).
I can show you a Fix & Flip Calculator that shows all the costs associated with the Buy, Fix and Re-Sell. It calculates the exact dollars needed before we engage in the project. Ask me how you would be secured in this investment and what paperwork would be needed.
I am actively soliciting Investor Clients, Buyer Clients and Seller Clients. If you have a Phoenix real estate need, find me at www.5kflatfeelisting.com
Buyers get: Sellers get:
FREE Home Inspection 5k
Flat Fee Listing
FREE Termite Inspection FREE Home Inspection
FREE Home Warranty FREE Termite Inspection
Best,
Geoff Nowlin, Phoenix Realtor
480-466-3737
