Win -Win Money to Flip REO Property
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Expired |
| Grade: | AA | DTI: | 0% |
| Lender Rate: | 16% | Borrower: | gtf125 |
| Finished | State: | MI | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: I am buying this Bank owned property for 44 cents on the dollar. FMV after rehab is $147,000. I can get bank to accept 65,000 if I come with a cash offer. This realistically will be paid back after I flip in 90 to 120 days max. My financial situation: I have 30 years of perfect on time credit history and a high score of 803. I can not get traditional funds because they have tightened up or eliminated most stated programs. I have 23k in cash reserves and a 35K balance in 401k account. I have just over $100K in equity in my personal residence. I'm as close to a sure thing as it gets. Monthly net income: $ 5800 Monthly expenses: $ 1914 Housing: $ 787 Insurance: $ 60 Car expenses: $ 330 Utilities: $ 175 Phone, cable, internet: $ 130 Food, entertainment: $ 100 Clothing, household expenses $ 150 Credit cards and other loans: $ 80 Other expenses: $ 102 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 249440 | Win -Win Money to Flip REO Property | AA | $15,000 @ 15% | Dec 12, 2007 | Loan created |
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