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Updated 4 months ago,

Vadim F.'s profile image
Vadim F.'s profile image
Vadim F.
  • Investor
  • Member since Jun 23, 2020
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Vadim F.'s profile image
Vadim F.'s profile image
Vadim F.
  • Investor
  • Member since Jun 23, 2020
Connect
Vadim F.
  • Investor
212
Votes |
337
Posts
Private Lending & Conventional Mortgage Advice

Renovation Loans in Detroit

Vadim F.
  • Investor
Posted

Looking to get info if its possible to get a Renovation Loan in the Detroit area? For example: Say I find a property that is $30-40k and needs another $30k in work. After fixing it I would then like to rent it out and get tenants in place, and then refi to a conventional loan without doing any cash out. Is this at all possible? What are the rates usually on such loans?

Detroit, Michigan
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