Loan amount
$0
Loan type
As-Is Property Value
$70,000
LTV
0%
{LTV}
Property type
single family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
single family home, being rented by tenets for the past 3 years at $850/m. new kitchen, new bathrooms, new windows, and new floors. needs roof repair (livable). i have it underr contract for 41k and would like to hold the property in my portfolio and then sell it later. ARV's in this neigborhood for a property this size are between 60-70k. I run a real estate investment company full time, and have multiple properties under contract currently for future cash flow.
Status
Closed
Created
November 1, 2020 - 12:01pm
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