Cash Offer / Refinance

[Michel Benchimol]

Hey guys !

I am currently looking at a property(sf) right now going for 750k the house was build 1931 on CBS and has a new roof . Although the property has a good bone it needs a big renovation (100k-200k) . The comps in the area are good , renovated houses are selling for 900k and new construction homes for 1.3m to 1.5m.

My question is ?

I’m willing to do a cash offer on the property but I don’t know how much of an offer should I do .My feeling is from 550k to 635k for a cash offer . Does that make sense ?

And after that I would like to do a refi with a mortgage lender. Is that possible?

Thanks guys and be safe.