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Updated over 8 years ago on . Most recent reply
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Refinance with ALL Cash
I got a very basic question. I just got a property all cash. Plan is to rehab the property, put on rent, and refinance. Some representative numbers for the property are like,
200k purchase, 50k rehab, 300k ARV.
I should be done with the rehab in 60 days.
My preferred option to go for 80% LTV loan, so the bank will loan me 240k, so my cash investment will be 10k.
Look forward to hear the options I have.