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Updated over 4 years ago,

Bhanu Kuna's profile image
Bhanu Kuna's profile image
Bhanu Kuna
  • Investor
  • from Hamilton, NJ
  • Member since Mar 10, 2013
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User Stats

49
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9
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Bhanu Kuna's profile image
Bhanu Kuna's profile image
Bhanu Kuna
  • Investor
  • from Hamilton, NJ
  • Member since Mar 10, 2013
Connect
Bhanu Kuna
  • Investor
  • Hamilton, NJ
9
Votes |
49
Posts
Private Lending & Conventional Mortgage Advice

Renovation Loan in Philadelphia

Bhanu Kuna
  • Investor
  • Hamilton, NJ
Posted

Hi Everyone! Hope everyone is safe and healthy.

I recently came across an REO property that would take all my cash to buy(55k). The ARV of the property would be be 150k conservatively.

Since all my cash would be used for the acquisition I'll need to get financing for the renovation portion of the BRRRR process.

Is money for renovation still easy to come by in Philly? Will the fact that I won't have any cash left work against me during the underwriting process?

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