Loan amount
$64,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$250,000
{PP:$49,000}
ARV
26%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
550
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Centerville
State
Nevada
Loan Details
Purchase price
$49,000
Down payment
$15,000
Cost of improvements
$30,000
Estimated property value after repairs
$250,000
Additional Loan Information
Would like to purchase raw land. Begin construction on a solar, eco friendly off grid homestead. The area is booming with growth in population and high demand for housing.
We're currently creating building plans, researching zoning and restrictions, and looking at current market for buyers in regards to our planned goals to build a off grid homestead.
We're currently creating building plans, researching zoning and restrictions, and looking at current market for buyers in regards to our planned goals to build a off grid homestead.
Status
Closed
Created
May 8, 2022 - 5:38pm
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