Loan amount
$0
Loan type
Purchase
{Fix&Flip}
After Repair Value
$1
{PP:$0}
ARV
0%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
State
Maryland
Loan Details
Down payment
$0
Additional Loan Information
Currently looking to make an offer on foreclosure. The property is listed at 135K. We’ll be making an offer of 115K (the property has been listed for nearly a year.) Looking to be all in at 155-160K with renovation, holding and hard money costs. ARV is 220-225K. Possibly higher waiting to hear back from additional real estate agent.
This would be our company’s first fix and flip. However, we have the help of a mentor who has flipped several properties in the Baltimore area. I’m a full time Air National Guard member in a Civil Engineering squadron and have over 10 years of experience in general construction. I also manage contractors full-time and have a good general understanding of project budgeting and management.
This would be our company’s first fix and flip. However, we have the help of a mentor who has flipped several properties in the Baltimore area. I’m a full time Air National Guard member in a Civil Engineering squadron and have over 10 years of experience in general construction. I also manage contractors full-time and have a good general understanding of project budgeting and management.
Status
Closed
Created
November 30, 2020 - 10:50am
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