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Updated about 7 years ago on . Most recent reply
Buying Cash - HELOC Before or After Rehab?
Looking for some advice on when to get financing for my next deal. I close on this place on Friday, and am wondering how quick I can pull my cash back out.
Purchase Price - 60k
Rehab - 30k
Tax Value - 100k
ARV - 130k
My question is, should I do the rehab and then get a loan on it, or see if they'll appraise it at tax value and pull my cash back out right away?