Loan amount
$139,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$225,000
{PP:$60,000}
ARV
62%
{ARV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Greenville
State
North Carolina
Loan Details
Purchase price
$60,000
Down payment
$1,000
Cost of improvements
$80,000
Estimated property value after repairs
$225,000
Additional Loan Information
I am a Real Estate Agent. I have assisted my husband with flipping homes in the past. I will be doing this project with my LLC. The property I am looking at has been on the market for a little while and needs complete rehab. After rehab, the home will sell quickly based on my research. I currently am working with many people that will be looking to buy a home once we repair their credit. This puts me in an opportunistic position to quickly sell home that I flip. I would love to get started building a competitive portfolio and a trustful relationship with the right lender.
Status
Open
Created
June 21, 2023 - 9:58pm
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