Loan amount
$80,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$185,000 {PP:$30,000}
ARV
43% {ARV}
Property type
Single Family
Borrower Details
Credit score
830
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Narrows
State
Virginia
Loan Details
Purchase price
$30,000
Down payment
$10,000
Cost of improvements
$60,000
Estimated property value after repairs
$185,000
Additional Loan Information
3 bedroom 1 bath house with kitchen, dinning and living room, house is already stripped down to the studs, house 30,000 with rehab of 50,000 will comp for 180,000-220,000. House already has new roof installed 6 weeks prior and new windows, new electric box and 1250 foot of new electrical wire included, pallet of subfloor included, new insulation already onsite and included in purchase.

I own a commercial property with 34 rental properties valued 850k with approximately 450k in equity.

My company is McGlothlin Investments LLC
Status
Created
November 23, 2021 - 4:16pm

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