Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

19
Posts
2
Votes
Christian Baker
  • Investor
  • Jacksonville, NC
2
Votes |
19
Posts

Small loan, Large return

Christian Baker
  • Investor
  • Jacksonville, NC
Posted

Hey Everyone,

I am new to using lenders to fund my investments. My other projects have been with cash and as a result, I have everything tied up for the moment. A potential deal has come across my desk today that is way to good to pass up

Acquisition cost: 45k

Repair cost: 15k

closing costs/fees: 10k (comes from the HUD)

ARV: 115k

ROI: 45k or 69%

I need to borrow about 65k (56% LTV)

anyone know any good lenders that do this size loan? I am looking for a long-term lender to do more deals with

Thanks,

Christian Baker

Loading replies...