Loan amount
$335,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$540,000 {PP:$300,000}
ARV
62% {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
Aston
State
Pennsylvania
Loan Details
Purchase price
$300,000
Down payment
$5,000
Cost of improvements
$40,000
Estimated property value after repairs
$540,000
Additional Loan Information
I want to get into real-estate and start flipping houses, the house I got in mind I think would be a great flip, it’s got all the essentials to live in as is just doesn’t look great it needs paint new flooring new appliances and a good cleaning ect. I think it would be a great flip because they have it up for 300k and I think I only need to put around 40k into it and I feel it could sell after it’s don’t for around 500k-550k. I think that because a house right down the street with the same look and same size sold for 540k 4 months ago so for that reason I think that this would be a great flip.
Status
Created
December 31, 2023 - 5:30pm

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