Loan amount
$130,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$175,000
{PP:$95,000}
ARV
74%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Great Falls
State
Montana
Loan Details
Purchase price
$95,000
Down payment
$0
Cost of improvements
$35,000
Estimated property value after repairs
$175,000
Additional Loan Information
I am looking to buy my first property as a Real estate investor and I wanted to get a lender and fix up a property using the BRRRR method. I will be using this method simply because I do not have the funds to simply buy property. I don't want that to discourage any lender. I will make this an opportunity and take every advantage I can to make a positive Investment Resume for future lenders.
Status
Closed
Created
January 20, 2021 - 10:55pm
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