Deal Status

Active

Property Address

1003 county route 68, Eagle Bridge New York 12057

Requested Loan Amount

$100,000

Loan to Value

40%

Loan Term

24 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Sale of Subject Property

Collateral and Loan Details

Property Type

Single Family Residence

Number of Bedrooms

4

Number of Bathrooms

2

Owner Occupied

No

Loan Type

Purchase, Rehab Fix & Flip

Property Sq. Footage

2,657

Lot Size

4 acres

Will additional properties be collateralized?

No

Borrower Entity

Individual(s)

Borrower Credit Rating

Not Applicable

Property Photos

Attachments

Comments

https://www.realtor.com/realestateandhomes-detail/1003-County-Route-68_Eagle-Bridge_NY_12057_M42708-03099

The details are such: I have a property under contract worth $225,000.00 as is, Worth $275,000.00 - $300,000.00 after $20,000.00 - $45,000.00 of rehabilitation and repairs. I have it under contract for $51,501.00. The comparison properties in the same zip code that have sold recently and are on the market now for sale have an average per square foot value of $97.00 and a per acre value of just under $3,000.00. The property is a 2657 square foot Colonial on 3.9 acres.
property Address: 1003 county route 68 Eagle Bridge NY 12057, Washington county (in the Lake George area upstate NY) always a popular area, now with the virus, rural property is in higher demand and growing. My plan is to upgrade existing house and sell it after 12-months. I have a proven track record of fixing and flipping property, it's a matter of public record in the county clerks office in the counties I have worked. not all of my 21 projects show me on the tax records, as I have worked with partners and investors that have bought me out of the deals at the closing table. I have recently fully recovered from a health issue that has put me on the investing sidelines for over three years. I had a brain tumor removed last October of 2019. The tumor had bad effects on me for several years, seizures, headaches, etc. then I had the long recovery that is now finished, I am me again and ready to resume doing what I do, make money in Real Estate, as the deal I put together demonstrates. I have more in the pipeline, and will be looking for partners and investors / lenders, for them too, soon. First I need to get my name on the deed of this property and the more than $200,000 in profit / equity!
Any background checking site will show the many addresses I have had over the past 33 years, most were investments. This is what I do, buy property for less than 50% of value and flip them. I've been doing this all my life, before my brain tumor.
This is a list of some of the projects I have flipped:
303 Kent rd. s. Cornwall Bridge CT 06754 Litchfield county
39 West Winifred st Arcadia, Fl Desoto county
9 / 11 Toas street Shelton Ct.06484 Fairfield county
267 Rossmor Dr Saylorsburg PA 18353 Monroe County
814 Hill Street Rocky Mount NC. 27801 Edgecombe county
209 David Ave Clearwater FL

Steve Smith
516-642-9636
I have google DUO, Hangouts and Whatsapp, all have video capability, my phone number and or this email address is how you get linked to me on them
freepower329@gmail.com

First Name

Stephen

Last Name

Smith

Phone Number

(516) 642-9636

Company

A New Energy Company

Role

Borrower

Location

Eagle Bridge, New York

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