Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 18 years ago on . Most recent reply

User Stats

33
Posts
0
Votes
Filkins Susan
  • New York
0
Votes |
33
Posts

GREAT Credit - No Money - But I Need Rehab Loan

Filkins Susan
  • New York
Posted

Hi again :)

Here is my original thread about the property I'd like to discuss:

http://forums.biggerpockets.com/viewtopic.php?t=10328

We now have a purchase offer in on this property, and must make an application within 5 days.

We shopped around some, but have mostly been working with a local and large reputable bank. However, the mortgage lady kind of ticked me off today.

I wonder if there are other comparable options out there for us.

Purchase price - $41K
Rehab needed - $25k
Estimated value after rehab - $80k
Credit scores - mid to high 700s
Job history- 12 years
Open lines of credit - 1
Debt - None

Any help or advice would be greatly appreciated!

-Susan

Loading replies...