Texas RGV JV Opportunity – Need Help with Proof of Funds
I just spoke extensively with the broker and I’m really excited about this deal! This is a chance to move quickly, but I need help securing proof of funds to get the offer in and put the property under contract. If anyone is remotely interested, I’d love to connect and discuss more in detail. Deal Snapshot: 1. Property: RV park in the rapidly growing Texas RGV 2. List Price: $750,000 (originally listed at $1.2M) 3. Offer Target: $550,000 cash offer 4. Down Payment: ~30% ($200k raise) – private lender to finance the rest + potential $100k for renovations 5. Current Performance: NOI at ~10 cap, but poorly managed with sloppy books Upside: 1. Identical RV park next door recently appraised for $1.2M 2. Planned improvements: ~$50k asphalt + ~$20k submetering + new professional PM 3. 12–18 month stabilization period → cash flow ~$8k/month 4. Exit plan: refinance at ~$1.2M valuation, return investor capital, and continue operations If you can help with proof of funds of $200k (or know someone who can), please reach out—I’d be happy to share more details and walk through the numbers together.