Loan amount
$179,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$265,000 {PP:$100,000}
ARV
68% {ARV}
Property type
Single Family
Borrower Details
Credit score
730
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Atlanta
State
Georgia
Loan Details
Purchase price
$100,000
Down payment
$1,000
Cost of improvements
$80,000
Estimated property value after repairs
$265,000
Additional Loan Information
I am in direct contact with the owner of the property and I’ve received a certified rehab bid to renovate this property and bring it up to market value.. my loan request Would cover the purchase and rehab cost aside from the closing costs. I plan to use the brrrr strategy which is buy it, renovate it, rent it, refinance it to pay the loan back and repeat.
Status
Created
January 7, 2021 - 10:24am

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