Loan amount
$70,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$150,000
{PP:$54,000}
ARV
47%
{ARV}
Property type
Single Family
Borrower Details
Credit score
640
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Valparaiso
State
Indiana
Loan Details
Purchase price
$54,000
Down payment
$27,000
Cost of improvements
$43,000
Estimated property value after repairs
$150,000
Additional Loan Information
Single Family residence - own 50%. I need to buy the other 50% from my brother-in-law for $27,000 (less is share of closing costs and property taxes)- plus I need additional money to rehab the house, specifically - redo floors, remodel bathroom and kitchen and paint interior, exterior deck and exterior trim, repair backyard fence
Status
Open
Created
March 30, 2021 - 10:14am
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