Loan amount
$250,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$550,000
ARV
45%
{ARV}
Property type
Single Family
Borrower Details
Credit score
625
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Independence
State
Oregon
Loan Details
Current mortgage balance
$175,000
Cost of improvements
$75,000
Estimated property value after repairs
$550,000
Additional Loan Information
This beautiful craftsman is huge with great bones. It's had some updates throughout the years, just not great or appealing to the era of this house. Have 20,000 into it currently and in the midst of putting updated electrical, plumbing, total gut of 2 of the bathrooms and the kitchen. Will finish off with roof, paint and hardwood refinished.
I've been in real estate since 2007 though light for the past few years. As validation to my abilities, my last project. Bought the house for 291K put 38K in rehab and sold it for 579K.
I've been in real estate since 2007 though light for the past few years. As validation to my abilities, my last project. Bought the house for 291K put 38K in rehab and sold it for 579K.
Status
Closed
Created
January 12, 2021 - 12:20am
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