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Updated over 7 years ago on . Most recent reply

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126
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18
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Bill E.
  • Pittsburgh, PA
18
Votes |
126
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Help me understand brrrr strategy

Bill E.
  • Pittsburgh, PA
Posted
Looking at picking up a duplex for 15k, needs 30k rehab. Arv is 70k. If I go to my local bank to get a mortgage on the property and they appraise it for 70k, how much would they write me a check for?

Most Popular Reply

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887
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323
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Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
323
Votes |
887
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Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
Replied

Bill E.
Make sure the bank will refi for the ARV because some will only do purchase price

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