Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

33
Posts
18
Votes
Gary David
  • Rental Property Investor
  • Greater Cincinnati Ohio Area
18
Votes |
33
Posts

Funding options for a Re-fi with cash out and repairs

Gary David
  • Rental Property Investor
  • Greater Cincinnati Ohio Area
Posted

Looking for some options here I have a 3 unit rental that going in I knew it needed work (Roof, windows, deck replaced) This total for these repairs are about 25k.

I paid 60k for the property all cash. The rents are $1720 p/m Fix cost are about 300 p/m (insurance, taxes, water) I need to figure a way to pull back out my 60k  (for other purchase of properties) and get these items done ASAP . I am guessing the ARV will be about $110-120k but wont know without an appraisal. My bank is running 10-12 weeks to do any type of Refi. Any suggestions on the best way to approach this ?

Thanks

Loading replies...