Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Creative Real Estate Financing
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 almost 7 years ago,

User Stats

3
Posts
0
Votes
Michelle Dickens
  • Austin, TX
0
Votes |
3
Posts

Cash-out refinancing to cover inheritance buyout AND remodel?

Michelle Dickens
  • Austin, TX
Posted

My brother and I inherited our mom's home when she passed away in December. She had a small mortgage left on it. We discussed selling it, but he now wants to keep it and remodel it (it needs it - outdated, foundation issues).  He's been talking to lenders, but a few of them have said that they can do loans that will pay of existing mortgage AND give money for remodeling, but buying my interest/inheritance is an issue. Evidently they can't do all three things. Is there no other way to do this? Are we stuck?

Loading replies...