Loan amount
$142,500
Loan type
Purchase
{Fix&Flip}
After Repair Value
$240,000
{PP:$115,000}
ARV
59%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Knoxville
State
Washington
Loan Details
Purchase price
$115,000
Down payment
$20,000
Cost of improvements
$47,500
Estimated property value after repairs
$240,000
Additional Loan Information
Looking to make an offer on an MLS property that currently includes a fixer-upper in need of full rehab and an extra parcel of land with power and water hookups. I want to purchase this and fix it up while also adding an extra dwelling unit/or resale it to an investor after the purchase.
Status
Open
Created
January 24, 2022 - 9:44pm
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