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Updated over 4 years ago on . Most recent reply

Shakiah Naverre's profile image
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Shakiah Naverre
  • Real Estate Agent
  • from Atlanta, Ga.
  • Member since Jun 9, 2015
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Shakiah Naverre's profile image
Shakiah Naverre's profile image
Shakiah Naverre
  • Real Estate Agent
  • from Atlanta, Ga.
  • Member since Jun 9, 2015
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Shakiah Naverre
  • Real Estate Agent
  • Atlanta, Ga.
3
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15
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Starting Out

Buy and Hold Properties

Shakiah Naverre
  • Real Estate Agent
  • Atlanta, Ga.
Posted

Will banks refinance/finance on a home only worth 25k? I am thinking of buying a property cash that currently has a tennant. Holding it for 6 months then financing with a bank to get my money back out of it. Not sure if that’s a good idea.

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Joe Villeneuve
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  • from Plymouth, MI
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Joe Villeneuve
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  • from Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

Not going to happen...and even if they did, the costs to you in fees would make it not worth the effort to find one that will.

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