Loan amount
$100,000
Loan type
As-Is Property Value
$140,000
LTV
72%
{LTV}
Property type
Single family home
Borrower Details
Credit score
665
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Looking at a few homes in the area. Comps say I could make a good investment flipping them. I've found a handful between $40,000 and $59,000 that could sell between $120,000 and $140,000 after the work is done. I'm estimating roughly $40,000 in renovations. I've flipped homes in the past with a relative who invested in real estate for a living. I'm also a licensed Realtor for 3+ years now. I've been wanting to get back into flipping and the market is perfect right now. Estimated renovation timeline of 60 days or less. Located in Cleveland Ohio. Not in contract yet. Seeking 100% financing.
Status
Closed
Created
September 25, 2019 - 3:09pm
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