Loan amount
$290,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$360,000
ARV
81%
{ARV}
Property type
Single Family
Borrower Details
Credit score
760
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Attleboro
State
Massachusetts
Loan Details
Current mortgage balance
$240,000
Cost of improvements
$50,000
Estimated property value after repairs
$360,000
Additional Loan Information
I currently own one rental property that I purchased and fixed. I am looking into obtaining another as the market prices are dropping and creating more wholesale opportunities. I am also taking out a HELOC on my property to ensure there is extra money ensuring the reno does not run out of funding. I have reliable contractors available from my last project and securing a hard money loan to entice sellers. I am a Marine Corps veteran and work tirelessly to ensure my projects succeed.
Status
Open
Created
November 21, 2022 - 9:54am
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