Loan amount
$80,000
Loan type
Refinance
{Rent&Hold}
As-Is Property Value
$125,000
LTV
64%
{LTV}
Property type
Single Family
Borrower Details
Credit score
780
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
McKeesport
State
Pennsylvania
Loan Details
Current mortgage balance
$80,000
Additional Loan Information
Under contract for $45k purchase with my funds
Reno budget of $30k in renovations my funds. Looking for cash out long term financing for Rent and Hold .
$1000 month rents - tenant pays all utilities.
I am a general contractor and have my Pennsylvania real estate license as well. I currently own 4 rental properties in the same area and I’m looking to continue adding properties with basically the same scenario as described above.
Reno budget of $30k in renovations my funds. Looking for cash out long term financing for Rent and Hold .
$1000 month rents - tenant pays all utilities.
I am a general contractor and have my Pennsylvania real estate license as well. I currently own 4 rental properties in the same area and I’m looking to continue adding properties with basically the same scenario as described above.
Status
Open
Created
January 31, 2024 - 8:25am
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