Loan amount
$129,000
Loan type
As-Is Property Value
$159,000
LTV
82%
{LTV}
Property type
Single family home
Borrower Details
Credit score
603
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
I am in the process of making an offer on a home from an Estate sale in Dallas, Georgia. I already have a tenant for the property. I own another property free and clear in Dalton GA that that has been rented for several years. This would be my 2nd property. Purchase price $120-129K. 100% financing for the purchase. Will self-fund renovations to update all fixtures, countertops, paint exterior, paint interior, refresh landscaping, and replace laminate flooring. Monthly rental income $1,200-1,500. Term 15-30 year, if possible, but am open for a shorter term with refinance options. I am a Georgia licensed Real Estate Broker.
Status
Closed
Created
April 10, 2020 - 12:46pm
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