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Updated over 8 years ago on . Most recent reply

User Stats

25
Posts
15
Votes
Amit Shenoy
  • edison, nj
15
Votes |
25
Posts

Investor friendly HML in PA

Amit Shenoy
  • edison, nj
Posted

Hello Everyone,

I finished buying 2 properties in PA and they are currently undergoing rehab . Now my question is this on the third deal I have more than enough for 30% on the property. 

So the deal is :

Asking price -- 90k

Can put down -- 40K.

Rehab cost -- 55K.

I havent looked at the ARV since i plan to use for rentals.

My realtor says about 1800 per month once its rehabbed. 

So what do i need to show the hard money lender  to get approved . Also are there any inverstor friendly  lenders in PA.  

Thanks

Amit

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