Loan amount
$88,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$145,000
{PP:$103,000}
LTV
61%
{LTV}
Property type
Single Family
Borrower Details
Credit score
574
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Eastpointe
State
Michigan
Loan Details
Purchase price
$103,000
Down payment
$15,000
Additional Loan Information
A single family home that is in foreclosure that I would like to purchase to make a rental property. I need to close on the home by the end of the month. The property is well maintained. May need minor repairs. I have 20 years with Wal-Mart. I would like to start my real-estate portfolio.
Status
Open
Created
January 17, 2021 - 5:00pm
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