Loan amount
$360,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$548,000
{PP:$315,000}
ARV
66%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Portland
State
Oregon
Loan Details
Purchase price
$315,000
Down payment
$5,000
Cost of improvements
$50,000
Estimated property value after repairs
$548,000
Additional Loan Information
The home needs to be updated and in the basement we're going to get rid of the party room add a half bath and two bedrooms upstairs refurbished hardwood floors update bathrooms and kitchen exterior landscaping siding roof. I live in Portland Oregon so there are no sales tax which is going to save thousands when we're spending thousands also I'm part of a community that supports African-American builders so materials will only cost me 70% of normal cost and me and my son and my uncles are going to do most of the work we are contractors
Status
Open
Created
August 20, 2023 - 6:18am
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