Loan amount
$125,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$170,000 {PP:$110,000}
ARV
74% {ARV}
Property type
Single Family
Borrower Details
Credit score
750
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Oshkosh
State
Wisconsin
Loan Details
Purchase price
$110,000
Down payment
$15,000
Cost of improvements
$30,000
Estimated property value after repairs
$170,000
Additional Loan Information
The property I am looking at has a upstairs but isn't considered sq footage currently. I would add 2 shed dormers to upper level to make it a more livable space and add a 2nd bathroom upstairs as well. The goal would be to make upper level added sq footage to the existing 1100 sq ft home. Lower level is in good shape but outdated. Flooring,paint, and remove 1 non load bearing wall. I have been in the construction business for 19 years and have done these sort of projects many of times, just not on a property I own but for a homeowner. I am looking to get into the fix and flip business and know the area well.
Status
Created
November 28, 2021 - 10:53pm

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