Loan amount
$125,000
Loan type
Purchase {Fix&Flip}
Property value
$180,000 {PP:$105,000}
ARV
69% {ARV}
Property type
Single Family
Credit score
630
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
City
Columbus
State
Ohio
Purchase price
$105,000
Down payment
$5,000
Cost of improvements
$25,000
Estimated property value after repairs
$180,000
Additional Loan Information
I'm currently doing a flip in Cleveland and used quite a bit of credit is why my score is low right now. I usually have a 720 credit score. This is an easy fix and flip in a great here 15 mins from down Columbus. The comps are pulling 180+ for the same thing. I have flipped over 5 properties within the past 2 years not including one I have in process now in Cleveland.
Status
Created
July 29, 2022 - 9:12pm

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