Loan amount
$0
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$870,000
{PP:$0}
LTV
0%
{LTV}
Property type
Single Family
Borrower Details
Credit score
760
Deal experience
20 deals
This loan scenario was submitted by a Broker
No
Property Details
State
Massachusetts
Loan Details
Down payment
$0
Additional Loan Information
I have a contract of sale for a SFR investment property for 565k. I would like to expand property from an official 3br / 5 bath to a 5 br / 5 bath by expanding the sceptic system, adding a new well, adding a lower level egress window, upgrading one bath and some cosmetics. Total upgrade about 70k. My husband who had a construction license and a real estate sales person license will help with the overall management. We have bought and rehabbed over 20 properties over the years. We are currently own and rent two other rental properties which are doing very well. The property was purchased at a foreclosure auction. We will get a clean title and deed.
Status
Closed
Created
December 2, 2020 - 12:52pm
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