Loan amount
$74,500
Loan type
Purchase
{Fix&Flip}
After Repair Value
$140,000
{PP:$28,000}
ARV
53%
{ARV}
Property type
Single Family
Borrower Details
Credit score
679
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Watertown
State
New York
Loan Details
Purchase price
$28,000
Down payment
$8,500
Cost of improvements
$55,000
Estimated property value after repairs
$140,000
Additional Loan Information
We are under contract and should close in 3 weeks. This will be our 4th fix and flip in one year. Every property has made a profit. My husband and I own our business and have extensive construction experience and have crews complete home renovations. House is a 3 bed 1 bath house. The house will have a second bathroom added, new windows, new roof, doors, kitchen, flooring, paint, and electrical. The house needs to be gutted and renovated. I also teach school and my husband has his own landscaping business.
Status
Open
Created
October 28, 2021 - 9:47pm
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