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Updated about 10 years ago on . Most recent reply
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buying, holding, and recouping my money
so, im getting conflicting answers from people. my question is this: if i use hard cash or private money to buy, rehab, and hold. as long as i keep my ARV under their loan threshold of 70-80%, i should recoup all the money i put into property...correct? yes....this is how green i am. i guess it would be more like...buy, rehab, recoup money, and hold
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Depends on the bank and you should definitely know that before you spend any money!! Smaller banks are better with that.