Loan amount
$82,500
Loan type
Purchase
{Fix&Flip}
After Repair Value
$130,000
{PP:$52,500}
ARV
63%
{ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Detroit
State
Michigan
Loan Details
Purchase price
$52,500
Down payment
$10,000
Cost of improvements
$40,000
Estimated property value after repairs
$130,000
Additional Loan Information
I am under contract for $52,500. Our estimated rehab cost will be $40k (not being conservative). We plan on fixing the property and selling it myself since I am a licensed realtor in Michigan.
Status
Open
Created
November 2, 2023 - 3:15pm
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