Loan amount
$255,000
Loan type
Purchase
{Fix&Flip}
Property value
$300,000
{PP:$165,000}
ARV
85%
{ARV}
Property type
Single Family
Credit score
645
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Sioux Falls
State
South Dakota
Purchase price
$165,000
Down payment
$0
Cost of improvements
$90,000
Estimated property value after repairs
$300,000
Additional Loan Information
Looking to enter the house flipping market and I found some houses I am interested in. The one for $165,000 needs a lot of work and it looks like the demo is all done. Just need to put it back together. It was built in 1904. Almost no backyard thought.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
July 4, 2021 - 1:13pm
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