Brooklyn New York Fix and Flip
Address: Brooklyn, NY
Purchase Price: $425,000
Renovation Budget: $89,000
Loan Amount: $443,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $933,500
Situation:
This investor is venturing out on his own after successfully completing two previous flips in the Brooklyn area. The property was found online, and a contractor estimated $90,000 for necessary renovations. The investors plan on completing the rehab in 4 or 5 weeks.
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