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Updated over 12 years ago on . Most recent reply

Tyler J.'s profile image
Tyler J.'s profile image
Tyler J.
  • Member since Jun 30, 2012
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Tyler J.'s profile image
Tyler J.'s profile image
Tyler J.
  • Member since Jun 30, 2012
Connect
Tyler J.
1
Votes |
32
Posts
Private Lending & Conventional Mortgage Advice

Buy a house, fix it up, refinance loan for what its worth after?

Tyler J.
Posted

Is it possible to do this?

Example- Buy a house for $40k. Cost 10k to fix it up, then house appraises for $90k. If you put down 20% on the original loan, then you have a loan amount for $30k on a house worth $90k. Can you refiance is or take a heloc on the ARV of the house?

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