Loan amount
$50,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$74,000
{PP:$55,000}
LTV
68%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
633
Deal experience
30 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Newell
State
West Virginia
Loan Details
Purchase price
$55,000
Down payment
$4,500
Additional Loan Information
I been buying this particular property for two years on a land contract. I have about 7 land contracts purchases going on. Most are almost paid for. This one I have many more years of me making payments at the bank. I want to get it over to my name and my own payments. While I have a total of 30 units this is the house I live in and rent the back house. Possibly dividing this one up to make one more unit here with me living in one.
Status
Open
Created
March 16, 2021 - 12:15pm
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