Loan amount
$145,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$380,000
{PP:$125,000}
ARV
38%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
560
Deal experience
14 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Newnan
State
Georgia
Loan Details
Purchase price
$125,000
Down payment
$5,000
Cost of improvements
$25,000
Estimated property value after repairs
$380,000
Additional Loan Information
I have a 28 x 66 modular unit paid for no mortgage on that I want to put on this property at 5 acres and set up and rent for 2500 a month the homes value is $100,000 the property was the 150 K but I talked him down to 125 I’m in experienced investor at one point at 650 properties to include for mobile home parks currently I have seven rentals that are bought and paid for and rented no I also have one house that I’m trying to refinance now this particular property is another asset and I’ve been lucky to obtain Access to the property to buy I’m looking for either a short term long-term don’t mind the interest I preferred it please begin in Apple long lasting relationship business wise thank you
Status
Closed
Created
November 20, 2022 - 10:08pm
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