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All Forum Posts by: Scott Holoubek

Scott Holoubek has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: Cash-out refi questions Milwaukee area

Scott HoloubekPosted
  • Posts 2
  • Votes 0

Hey BP community- I'm looking to refi/pull cash out of a duplex that I've owned for 14 months. After doing major work, it's been fully rented for about 10 months. I don't currently have a mortgage and lenders I've talked to have said that I can really only expect to get 75% of the total money I've put in (purchase price + cost of renovations). Is this what others are finding? I was hoping I'd be able to get 75% of appraised value, which should be higher than money invested (based comps I've seen and the rents it's now generating.)

Thanks in advance for any info!

0 Votes