Loan amount
$80,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$118,000
{PP:$58,800}
ARV
68%
{ARV}
Property type
Single Family
Borrower Details
Credit score
744
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Hot Springs
State
Arkansas
Loan Details
Purchase price
$58,800
Down payment
$4,000
Cost of improvements
$25,200
Estimated property value after repairs
$118,000
Additional Loan Information
I’m currently negotiating to get the property under contract. I am new to real estate investing myself, but I have assisted others over the last few years with securing deals and renovating single family homes for both fix and flips, and fix and rent properties. This property that I am working to get under contract needs little work to be brought back to life in a developing neighborhood where home prices average over $100/sqft.
Status
Open
Created
October 24, 2023 - 10:26am
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