A brand new investor came to RCN Capital looking to purchase, rehab, and sell a Single-Family Residential (SFR) property in San Antonio, Texas. With the help of RCN Capital, the borrower is under contract to acquire the property for $100,000with the intention of spending $18,000 on renovations before listing it for resale. This subject property had originally been appraised for $100,000 As-Is and is set to have an After-Repair Value (ARV) of $170,000.
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