Loan amount
$301,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$580,000
{PP:$349,000}
LTV
52%
{LTV}
Property type
Single Family
Borrower Details
Credit score
652
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Lake Arrowhead
State
California
Loan Details
Purchase price
$349,000
Down payment
$48,000
Additional Loan Information
I have been in operating in the short-term rental space since 2017. Started with renting a single room in the house I live in. I bought a property in Ensenada Mx and Big Bear, Ca, which are also short-term rentals.
The Big Bear property was purchased under the market, and it was a cosmetic fixer, which I turned into a profitable Airbnb. Income for 2022 was just over 80K.
The Big Bear property was purchased under the market, and it was a cosmetic fixer, which I turned into a profitable Airbnb. Income for 2022 was just over 80K.
Status
Open
Created
January 26, 2023 - 9:28pm
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