Loan amount
$172,500
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$240,000 {PP:$232,500}
LTV
72% {LTV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
New Bruanfels
State
Texas
Loan Details
Purchase price
$232,500
Down payment
$60,000
Additional Loan Information
I have been in the mortgage business for over 20 years and am working to start investing in rental properties as part of my retirment plan. This will be my second investment, however I have owned and sold 5 other properties. I have found an execellent propety in my home town, which is located off interstate 35 between Austin, TX and San Antonio, TX. This area continues to see huge growth with massive potential still available. I dont' have a ton of investment property ownership yet, however have to start somewhere. I feel this is about as no risk as it can get in this area. People are desperately trying to find rental property in the area so there will be no issue in keeping it occupied.
Thank you for your time and consideration.
Status
Created
June 1, 2023 - 11:43pm

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