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Updated about 7 years ago on . Most recent reply

User Stats

13
Posts
3
Votes
Stephen Butkus
  • Real Estate Professional
  • Sarasota, FL
3
Votes |
13
Posts

Is it possible to get a cash out refi with a ARV of 20K

Stephen Butkus
  • Real Estate Professional
  • Sarasota, FL
Posted

Hello BP!! I'am looking at a single family home that needs about 5k in rehab the purchase price is 8k. The ARV is about 20k to 25k. It will cash flow about 400.00 a month after expenses. I was wondering if I can get a cash out refi in the future for 20K if I wanted to buy a second property ?

Thanks

Steve

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