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Updated over 5 years ago, 04/10/2019

User Stats

108
Posts
72
Votes
Shane Ward
  • Albrightsville, PA
72
Votes |
108
Posts

I maxed out credit to rehab 3 properties dropped my credit score.

Shane Ward
  • Albrightsville, PA
Posted

I used my HELOC, cash and credit cards to rehab 3 properties I bought in July. I want to refinance all 3 when they are rented out (1 unit has been rented for 2 months). Will banks give me a hard time when it comes time to refinance? I bought all 3 for a total of $116k and have about 80k in rehabbing them. The ARV for all 3 is between 250k and 300k. I want to pull all the cash out and buy more properties asap.

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