AFTER REPAIR EVALUATION

[Jordan Matanane]

Hi, so I know this is probably a dumb question, but here are the example numbers below:

If the purchase price is 100,000

You put in 50,000 for rehab

Then appraises for 300,000

From that point in the appraisal process, is the bank giving you loan to value for ex. Once it gets apprised is it 300,000 x 0.75 = 225,000

Is 225,000 what the bank will give you. And is that the number you go off of? Or if they say it appraises for 300,000 do you go off that number? Sorry if this is confusing.

I’d appreciate any feed back, just trying to understand.

Thank you!