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Updated about 4 years ago on . Most recent reply
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Can i Brrrr a $65k ARV Property in Washington NC
Will the banks even give a $45k Cash-out Refi? in Washington NC 27889.
I have a property that is on a fairly ugly street and my comps keep coming in around $60-$70k for my ARV, I'm wondering if I can just pay around $200 - $300 for an appraiser to come out now early and give me a solid figure and also a few pointers on what materials I should and should not replace. it looks like my rehab cost at the moment will be $30k min and maybe even closer to $40k, I'm interested in replacing door jams as well as sheetrock on walls, not just the ceiling and moldings which my current contractor is insisting. That way I get a really really clean fresh look.
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@Christopher Abernathy, to play devil's advocate to @Patrick Britton, if the homes in that area are all priced accordingly, there must be a local bank that lends in that price range. I'd call the surrounding local banks and credit unions and find out.