Loan amount
$75,000
Loan type
As-Is Property Value
$170,000
LTV
45%
{LTV}
Property type
Single family home
Borrower Details
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
I am joint owner of a home me and my Sister inherited from our parents. The home is free and clear, no money owed on it. I want to buy my Sister's share, put a little money in it to bring up value then put on the market to resell. Current value $130-140K. $65K to buy out my Sister. $10K for renovation. ARV $170K. Property located in Painesville Township, Ohio. Plan on listing the home for sale after renovation. I am not occupying the house but my Sister currently is.
Status
Closed
Created
February 20, 2020 - 12:56pm
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