All Forum Posts by: Jacob Sherman

if its a single family you'd get an appraisal called 1004 as is + arv . if its a 2 to 4 unit you'd get a 1025 as is + arv appraisal . It would be based on the scope of work of the renovation that you're doing comparing for values in its as is condition and values after rehab 

 There is still some value there although distressed unless its a tear down in my opinion for the foundation and exterior walls if salvageable . Keep in mind that assessed value isn't market value most of the time . 

 You're able to get a renovation loan via refinance pending your qualifications . A heloc is also an option 

Lets discuss your fix and flip or fix and hold scenarios . What are they looking like ? What challenges are you facing ? 

What is the reason ? Just wants to be paid for the revision ? 

a full renovation should take 3 months 

What type of loan are you in the market for ? 

 What are the numbers on the scenarios looking like ? 

best would be the fix and flip loan to then refi and hold after renovations are complete 

I would finish the project , rent it out and then refinance to hold