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Updated over 5 years ago on . Most recent reply

Braden Klope's profile image
Braden Klope's profile image
Braden Klope
  • from Lebanon, TN
  • Member since Feb 24, 2018
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Braden Klope's profile image
Braden Klope's profile image
Braden Klope
  • from Lebanon, TN
  • Member since Feb 24, 2018
Connect
Braden Klope
  • Lebanon, TN
2
Votes |
5
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Banker & Loan Questions

Braden Klope
  • Lebanon, TN
Posted

Is it normal for a bank to require blueprints and quotes from a GC of your proposed renovation before lending money?

This is based on a possible purchase price of a single family home for $60K and Reno cost (rough estimate) of $60K.

Total transparency: This is going to be our first real estate investment property after about two years of financial and real estate education and preparation.

Any opinions are welcome!

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