FLIP / WHOLE-TAIL DEAL / DO THE NUMBERS MAKE SENSE ???????

[Matthew M.]

ARV: $225 K

Applicants Name: ( BLANK )

Property Address:  GEORGIA ( 31005 )

Broker Name: N/A

Loan Type: Pur/Rehab

Units: 1

Purchase Price: $130,000.00

Amount Owed: $0.00

Rehab Bid (110%): $22,000.00

As Is Value: $0.00

After Repair Value (ARV): $225,000.00

Credit Score: 720

Experience: 0

Broker Fee: 0.0%

Loan Amount: $139,000.00

Loan To Value (LTV): 61.78%

Interest Rate: 11.99%

Origination Points: 2.50%

Term In Months: 24

Monthly Payment: $1,388.84

Cash to Close $16,475.00

Broker Fee: $0.00

Closing Cost: TBD

SINGLE FAMILY

REDFIN CURRENT VALUE RIGHT NOW: $172,762

4 BEDROOMS

3.5 BATHROOMS

2,150 SQ. FT

.83 ACRES

BUILT 1977 

GAME PLAN #1: DONT USE ANY OF THE REPAIR COST MONEY AND JUST THE TRANSACTIONAL FUNDING TO BUY THE PROPERTY OFF MARKET AND RE-LIST ON THE MLS AFTER DOING A DEEP CLEANING, PROFESSIONAL PHOTOS, STAGING, LET THE MARKET DRIVE THE PRICE UP

GAME PLAN #2: USE THE REHAB MONEY OF 22K AND UPDATE THE BATHS A BIT, KITCHEN A BIT, CARPET, PAINT, PROFESSIONAL PHOTOS, STAGING, LIST ON MLS AND ALLOW THE MARKET TO DRIVE THE PRICE UP

GAME PLAN #3: BRRRR

ALSO I'M NOT TRYING TO GET A BUNCH OF PRIVATE MONEY FUNDERS AT ONCE. BUT I WOULD LIKE AN OPINION IF THERE IS A BETTER LOAN OPTION FOR THIS KIND OF DEAL WITHOUT ANY PERSONAL CREDIT CHECK.

PLEASE BREAK IT DOWN IF YOU CAN PLEASE