Loan amount
$87,500
Loan type
Purchase
{Fix&Rent}
After Repair Value
$150,000
{PP:$60,000}
ARV
58%
{ARV}
Property type
Single Family
Borrower Details
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Lawton
State
Oklahoma
Loan Details
Purchase price
$60,000
Down payment
$7,500
Cost of improvements
$35,000
Estimated property value after repairs
$150,000
Additional Loan Information
I’m having my contractor walk the property tomorrow to try and get a more itemized cost. House has been on market for a while I spoke to the realtor about the price I’m willing to offer they said more than likely they seem reasonable and the sellers extremely motivated. Just looking to see what options I have on financing out there. I already have one hard money lender, but I feel like just because I am beginning I know I have to pay higher interest rates but I feel I could do better than what I have already been approved for.
Status
Open
Created
March 31, 2022 - 9:23pm
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