Loan amount
$70,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$140,000 {PP:$52,000}
ARV
50% {ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Atlanta
State
Georgia
Loan Details
Purchase price
$52,000
Down payment
$2,000
Cost of improvements
$20,000
Estimated property value after repairs
$140,000
Additional Loan Information
I am looking to purchase the home that I currently reside in. So its in fair condition. Needs cosmetic work mostly inside. The owner is willing to sell it to me. However, I am wanting to fix it up and use as an investment property to rent to a qualified tenant. This will be my first home purchase. I am 53 years young and seeking to build generational wealth for my children and grandson. Thank you!
Status
Created
March 14, 2021 - 8:37am

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