Loan amount
$50,000
Loan type
As-Is Property Value
$150,000
LTV
34%
{LTV}
Property type
Single family home
Borrower Details
Credit score
660
Deal experience
12 deals
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
I currently own two rental properties free and clear generating $1,350/month in rent. Value as appraised by insurance company: $60K for one and $40K for the other. I bought them with cash; no mortgage. I want to buy more foreclosed properties to fix and rent. Looking to use the equity in my properties to finance a purchase. Not currently in contract. Need to first find out what size loan I can secure.
Status
Closed
Created
September 19, 2019 - 10:42am
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