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Updated almost 8 years ago on . Most recent reply

Lee Lockhart's profile image
Lee Lockhart's profile image
Lee Lockhart
  • Contractor
  • from Chicago, Illinois
  • Member since Dec 4, 2016
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32
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9
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Lee Lockhart's profile image
Lee Lockhart's profile image
Lee Lockhart
  • Contractor
  • from Chicago, Illinois
  • Member since Dec 4, 2016
Connect
Lee Lockhart
  • Contractor
  • Chicago, IL
9
Votes |
32
Posts
Creative Real Estate Financing

property leverage for financing

Lee Lockhart
  • Contractor
  • Chicago, IL
Posted

Hello BP, I'm part of an investment group that own 2 properties free and clear that's valued at $200,000 as-is. Is it possible to use these as leverage to get financing to rehab them? We dont want to pay anymore out of pocket. The combined ARV is $425K. About $160,000 is needed for repairs. We want to hold.

Thanks!

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