Loan amount
$266,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$380,000
{PP:$259,000}
ARV
70%
{ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Holly
State
Michigan
Loan Details
Purchase price
$259,000
Down payment
$13,000
Cost of improvements
$20,000
Estimated property value after repairs
$380,000
Additional Loan Information
I am looking for a loan to purchase a home that the owner is willing to sell at a reduced rate. The house is in need of a major cleanup as the home was left with a lot of garbage in the home. The house also needs paint and carpeting throughout the home. I would like to purchase this home, fix what needs to be fixed, and rent the home for $2000 a month.
Status
Created
January 17, 2021 - 8:53pm
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