Loan amount
$106,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$150,000
{PP:$110,000}
LTV
71%
{LTV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Covington
State
Kentucky
Loan Details
Purchase price
$110,000
Down payment
$4,000
Additional Loan Information
I am a real estate agent and I want to buy rental property. I just listed a short sale property. I'd like to buy it to use as a rental. The lowest amount the bank will taker after sellers expenses is $109,265. Its showing a potential value of approx 150,000. Id like to see what it would take to purchase this and use as a rental.
Status
Open
Created
July 21, 2021 - 5:06pm
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