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Updated about 9 years ago on . Most recent reply

User Stats

45
Posts
8
Votes
Matt Madar
  • Investor
  • Bellevue, KY
8
Votes |
45
Posts

Rehabbing to Refinance

Matt Madar
  • Investor
  • Bellevue, KY
Posted
I purchased a foreclosure for $74,000, and higher end comps in the neighborhood go for $120-130,000. The home will be my fiancé and mine's primary home for the time being also. Our goal is to rehab the property and refinance it to purchase a multi family or two in our area. The property really is mainly cosmetic upgrades to this point (knock on wood). Finally to my question: To be considered "higher end" do the appraisers typically take into consideration appliances (i.e. stainless steel vs black or white appliances)?

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