Loan amount
$76,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$170,000 {PP:$16,000}
ARV
45% {ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Philadelphia
State
Pennsylvania
Loan Details
Purchase price
$16,000
Down payment
$0
Cost of improvements
$60,000
Estimated property value after repairs
$170,000
Additional Loan Information
I inherited this property but it has big taxes on it so I intend on using the money to pay the back taxes and repair it so I can rent it out. I can then refinance the house to pay off this loan
Status
Created
June 2, 2021 - 1:22am

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