Loan amount
$140,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$256,500
{PP:$140,000}
ARV
55%
{ARV}
Property type
Single Family
Borrower Details
Credit score
560
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
To Be Determined
State
Ohio
Loan Details
Purchase price
$140,000
Down payment
$1
Estimated property value after repairs
$256,500
Additional Loan Information
I am looking for a proof of funds letter to get this property under contract. I will Wholesale this investment property to a fix and flip cash buyer.
Its a fix and flip in the best neighborhood for families who care about schools. The schools are rated 9 to 10 out of 10 in this market area. This middle to high end flip with potential to push ARV to 360,000 with added bedroom and a few bathrooms. A simple remodel has the potential ARV of 250,000 with three bedrooms and one bathroom.
I am an independent contractor for a seasoned General Contractor who specializes in concrete and excavating. Which is a plus if I ever come across foundation or structural problems.
Its a fix and flip in the best neighborhood for families who care about schools. The schools are rated 9 to 10 out of 10 in this market area. This middle to high end flip with potential to push ARV to 360,000 with added bedroom and a few bathrooms. A simple remodel has the potential ARV of 250,000 with three bedrooms and one bathroom.
I am an independent contractor for a seasoned General Contractor who specializes in concrete and excavating. Which is a plus if I ever come across foundation or structural problems.
Status
Open
Created
December 20, 2020 - 10:42am
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