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Updated about 12 years ago,
Put in an offer
This is from BofA. Close date 12/14. Cash purchase. Listed at $70k; they took an offer but fell thru. I was next in line at $55k. They countered at $68,800. The listing agent (who is also my agent) suggested stay at $55k, which I did.
About $15k 4-6 week rehab; rent comps $1300-$1350 Several non-distressed recent comps at $108k.
Can I get a refi in 6 months from a local bank?