Loan amount
$0
Loan type
As-Is Property Value
$135,000
LTV
0%
{LTV}
Property type
single family
Borrower Details
Credit score
740
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
We would like to buy another property in our home town of Culver, Indiana. (resort town). We would like to buy a house that is currently being remodeled. Most renovations will be done within a couple of weeks. We have most of the money but need some cash to finish the deal.
We will then refinance the loan to pay off this loan that we would like to get. We currently have 8 properties in our portfolio and would like to get several more. My wife and I are both school teachers and in our 24th year of teaching. We started buying homes a few years back and would like to get a few more. This property is on one of the main entrances to town and will be receiving a total update to the curbing and city sidewalks through a stellar grant that our town received. This work is starting next summer.
We will then refinance the loan to pay off this loan that we would like to get. We currently have 8 properties in our portfolio and would like to get several more. My wife and I are both school teachers and in our 24th year of teaching. We started buying homes a few years back and would like to get a few more. This property is on one of the main entrances to town and will be receiving a total update to the curbing and city sidewalks through a stellar grant that our town received. This work is starting next summer.
Status
Closed
Created
October 30, 2020 - 8:40am
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