Case Studies
Indiana 4 plex
Cash Flow
Liz owned this property free and clear but needed funds to rehab other properties in a different state. She borrowed $50,000 at 10% for 24 months. That's a payment of $416.67 per month to the bank of You. The value of the house is $100,000. If she defaults, the lender takes back the property at a 50% LTV with over $1200.00 in active monthly income.
Property Stats: Loan amount, $50,000, LTV, 50%, Has renters in place.
Fix n Flip
Didn't need the money
Jim is a professional real estate investor and had all the cash he needed to fix a house up and re sell it within 6 months. He borrowed money because he wanted the comfort of having a cushion in the bank. Jim expects to make $50,000 in four to six months.
Property Stats: 75% Loan to value, great neighborhood, the borrower has a fat bank account.
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