As for how much you will need-start by talking to a bank about how much you can borrow and your credit score. 

Step one know your FICO score, keep it high.

Union rates are almost 40 with full benefits.., hope this helps ....Tim

What's the lowest credit score you will allow?

I am in the early stages of a 203k purchase/investment in Jersey City or Union City, New Jersey (NJ).

Hey guys, I’m trying to expand my real estate portfolio and my formerly pristine credit is getting slammed by all of the hard credit checks that it’s been going through recently. How do you guys maintain your credit w...

(Mobile, Al) The two banks I tried to see what the numbers would be regarding a cash-out refinance, they only do 75% of the purchase price + construction cost and not 75% of appraised value that I’m used to.I did try a DSCR refi, and after several paperwork being submitted, credit score ran, appraisal bought, only to have my numbers change before signing the docs for closing-so that was a dud.My question, who do you know that’s a reputable Union or bank that’s doing at least 75% of appraised value?

I have bought and sold six homes, had one beautiful flip, and kept one duplex that was a BRRR score and currently building two more duplexes with the opportunity for one more that is build ready.  

When people put reno on credit cards or credit lines, it increases their credit utilization rate, which decreases their credit score.

You can pull out up to 80% of the value of the home, depending on credit score and property location.