Loan amount
$210,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$340,000
{PP:$250,000}
ARV
62%
{ARV}
Property type
Single Family
Borrower Details
Credit score
785
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
O Fallon
State
Missouri
Loan Details
Purchase price
$250,000
Down payment
$75,000
Cost of improvements
$35,000
Estimated property value after repairs
$340,000
Additional Loan Information
I am an experienced investor. I have flipped over 40 homes and I am a licensed realtor. I am buying this persons house and leasing back to them for 2-3 months while they find a new home. The market is too hot for home sale contingent offers. I will then renovate it and sell it.
Status
Open
Created
January 24, 2021 - 12:20pm
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