And these are base numbers.

There are 30 year fixed programs out there as well as DSCR based options.

Based on the price point it looks like Surrey.

@Howard KooreSome lenders will do it and lend based on proceeds from sale.

Asking price is $4M, based on $7M in sales, $1M in assets, $2M in inventory and $1M in net revenue.

Lenders may have specific requirements or restrictions for loans to LLCs, so it's essential to consider how this might affect your future financing options.Before forming an LLC, it's crucial to consult with a qualified attorney and tax advisor who can provide personalized guidance based on your specific circumstances and goals.

If you can get a local agent to pull a list of recent transactions, you should be able to estimate, based on the photos, what your target property will sell for post-renovation.The repair budget is the list of repairs (with estimated costs) required to make your target property look like the "ARV homes" you found above.

My thought is that he knows his information is bad, but his whole company and platform is based on never using debt.

They're based in Memphis and offer other markets as well. 

Hi @Mehdi Haider, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.