Loan amount
$140,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$185,000 {PP:$148,000}
ARV
76% {ARV}
Property type
Single Family
Borrower Details
Credit score
572
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Columbus
State
Ohio
Loan Details
Purchase price
$148,000
Down payment
$15,000
Cost of improvements
$7,000
Estimated property value after repairs
$185,000
Additional Loan Information
Basically this property is my mother in laws and she’s selling the house as is because she’s in a hurry to move and be done with the house . She already dropped the price by 15k and it’s only been on the market for 9 days. I can get her to drop down to 125-130k then I plan on getting this property renovating it and reselling for 185k.
Status
Created
August 5, 2022 - 2:47am

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