Loan amount
$85,000
Loan type
As-Is Property Value
$100,000
LTV
85%
{LTV}
Property type
Single family home
Borrower Details
Credit score
500
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
Looking to purchase a foreclosed home. Needs almost nothing. Can get for $80k. Home is under-valued. Looking to lease it at $1200 month. https://www.movoto.com/home/821-s-burkett-rd-lake-city-mi-49651-842_1865718. Page has list of comps. Renovations are painting, minor repairs, possible bathroom, handicapped shower; self-funded. ARV is $150-170K. Looking for 1-3 yr cash out.
Status
Closed
Created
September 16, 2019 - 12:10pm
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