Loan amount
$240,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$323,000 {PP:$235,000}
ARV
74% {ARV}
Property type
Single Family
Borrower Details
Credit score
568
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Holly
State
Michigan
Loan Details
Purchase price
$235,000
Down payment
$10,000
Cost of improvements
$15,000
Estimated property value after repairs
$323,000
Additional Loan Information
I am a new investor that has found a property that is the perfect fix and flip or fix and rent. The comps on the property show the home is worth almost $100,000 over what is being asked and the estimated repairs are under $25,000. I am very well versed in how to do this deal and I am looking for a company willing to help me make this deal happen. I believe all repairs can be made within a 6 month period and have the home back on the market for a profit in less than a year. This is an amazing opportunity that I know will make money for myself and my investor.
Status
Created
January 12, 2021 - 9:23pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Michigan Detroit | Grand Rapids | Warren | Ann Arbor | Lansing | Flint Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans