ARE YOU THE NEXT PROFITABLEPROPERTY SUCCESS STORY?
 Property
Location: 9th Street, NE
Purchase Price: $180,000
Renovation Costs: $40,000
Sales Price: $300,000
Al Peltier and Gerald Mathis came to ProfitableProperty for a purchase money loan on a two-level rowhouse in Northeast
Washington, D.C.
The property is located in a neighborhood that has experienced
rapid price appreciation and gentrification. The partners
recently completed a renovation on the same street and were
approached by a neighbor about the possibility of purchasing
his home. The townhouse was similar to the project they had
just completed and
the numbers were favorable.
Instead of providing all the capital themselves, they went
to John Peterson to arrange a short-term funding loan. The
pair borrowed $160,000 from ProfitableProperty and used their
own funds for the balance of the purchase and the renovation
expenses.
After the project is completed the partners have
plans to retail the property for approximately $300,000.
Al and Gerald
are learning that using OPM (Other
Profitable Money) has many advantages and can accelerate their success.
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