Loan amount
$54,000
Loan type
Purchase {Fix&Rent}
Property value
$85,000 {PP:$49,900}
ARV
63% {ARV}
Property type
Multi-Family 1-4 Units
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Lewistown
State
Pennsylvania
Purchase price
$49,900
Down payment
$1,000
Cost of improvements
$5,000
Estimated property value after repairs
$85,000
Additional Loan Information
Currently looking to purchase duplex in Lewistown pa, selling for 49900. I Would like 50,000 dollars cash, to purchase property outright from current owner. Offering owner 45000 cash using remainder 5k to fix minor cosmetic problems. After purchasing property, it will get refinanced, and the original investor will get his money back from the mortgage loan with interest (Approx: 1-to-2-month ROI) House would be held and used as rental property.
Status
Created
September 14, 2022 - 12:09am

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