Loan amount
$55,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$115,000
{PP:$25,000}
ARV
48%
{ARV}
Property type
Single Family
Borrower Details
Credit score
603
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Fulton
State
Tennessee
Loan Details
Purchase price
$25,000
Down payment
$25,000
Cost of improvements
$55,000
Estimated property value after repairs
$115,000
Additional Loan Information
I am looking into in investing into real estate. There’s is a property in Fulton, TN that needs to be fixed and flip. The property needs a new roof, painting throughout the entire house, new windows, new cabinets and bathroom repairing. The floor needs to be repaired through the house and it also needs cosmetic updating. The house was converted into a duplex but it does have 7 bedrooms and 1bath. I am interested in this property and I am looking to start investing into real estate. I do whole projects in Memphis, TN as well as Dallas and Fort Worth, TX.
Status
Open
Created
February 4, 2021 - 11:56pm
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