Loan amount
$465,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$577,000
{PP:$450,000}
ARV
81%
{ARV}
Property type
Single Family
Borrower Details
Credit score
585
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
West Valley
State
Utah
Loan Details
Purchase price
$450,000
Down payment
$30,000
Cost of improvements
$45,000
Estimated property value after repairs
$577,000
Additional Loan Information
Property: SFR, Total rooms: 4/2, Possibilities: finish room in basement. Rent Rates: $2900-3100/mo.
We have been wholesaling for the best of our journey, we have recently partnered with an experienced fix n flipper on a property we were originally going to wholesale instead was offered to learn how to fix n flip the project and still make a percentage on profits. Since shown how to fix n flip the property , this gave us more of an eye opener of how we can create more capitol/ profit and provide more homes for the people.
We have been wholesaling for the best of our journey, we have recently partnered with an experienced fix n flipper on a property we were originally going to wholesale instead was offered to learn how to fix n flip the project and still make a percentage on profits. Since shown how to fix n flip the property , this gave us more of an eye opener of how we can create more capitol/ profit and provide more homes for the people.
Status
Open
Created
April 5, 2022 - 10:16am
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