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Newbie ReFi Question
I have my sight on place that's 68K cash offer (funded by HELOC - It needs about 20K worth of work. My rough estimate market value will be 105-110K after renovation.
With 88k in how would I calculate my refinance /pymt to see if it’s worth investing into?
Would I need money down for refinance? Does it seem realistic I can get 88k out to payback heloc?