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Updated over 6 years ago on . Most recent reply
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Getting a Rehab/Repair loan ONLY ??
I need some advice please, on If I can get a Loan on a Property, that I need $30,000 to do Repairs/Renovations on ??
The Property when Repaired, should Appraise for around $125,000 - $130,000
The current Value of the Property is right at $35,000
My All-In costs will be around $16,000
I won't have enough $ to fix and Repair it , so I am looking for a way to get a Loan / Money to get it Repaired
Would a Bank or Lender likely lend me a HELOC type loan, based solely on the Equity that the Property will have in it ?
Thank you all for the help and input