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Updated almost 5 years ago,
Loan to Value explained - for me
Hello.
So, I'm ready to make my move. I'm analyzing deals as best I can (I don't have enough knowledge to really know the rehab and fixed costs - where's a good place to learn that for my area?) and I'm finding potential deals all over town.
But before I begin chasing partners and investors, I want to write out my business plan as the #BPUBGTREI suggests. (I bet hashtags don't work on here...)
I am at my criteria and the books says to define my loan to value. I know that LTV refers to what the bank will loan me. So does that mean I need to have a minimum and maximum LTV that I'll accept? Or do I only look for deals that will allow me to get an LTV that still keeps it as a good deal?
Thanks.