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Offer is accepted by bank

Day -5. Day -30. Day 2. Day 1. Transfer Private Investor funds ($78,000) to purchase property (10% rate of return). Refinance property for 80% of purchase ($78,000= $62,400). Offer is accepted by bank

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Offer is accepted by bank

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  1. Day -5 Day -30 Day 2 Day 1 • Transfer Private Investor funds ($78,000) to purchase property (10% rate of return) Refinance property for 80% of purchase ($78,000= $62,400) • Offer is accepted by bank • Start 1st REFI paperwork w/ GFCU for 80% cash out of purchase price (80% of $78,000 = $62,400) Purchase property $78,000 Day 15-? Day +15 Day 2-14 • Sign Lease Purchase with Tennant • Sign REFI paperwork same day as lease (80% x $140,000= $112,400) • Return private lender funds w/ interest $80,600 ($78,000+ $2,600) • Return Balance to API =$31,800 ($112,400-$80,600) • Pay off remodel costs $22,000 • Return Balance to API = $9,800 ($31,800-$22,000) • Rehab Property (use $22,000 of the $62,400 (refi amt) return balance to investor $40,000. • Begin 2nd REFI paperwork w/ GFCU • Schedule appraisal for day 15 Two way Cash out Refinance Program with GFCU (example- Lendon) Total cash tied up to this point $78,000 Total cash tied up to this point $15,600 Total cash tied up to this point $37,600 This is like a modified Day funding/ 4 month private lender

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