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Aug 28 '09, 11:13 AMBought 3 REOs for cash and rehabbed for rental, would like to place permanent financing to get some, most, or all of my capital back out to do a few more. My amount invested is about 60% of CURRENT value. 2 are occupied, one is not. They are all 2 bedroom, decent single-family bungalow style in working class areas.
We are self employed, so unsure if traditional financing is the best source. Thoughts?
Updated: 04:48AM, 08/29/2009
Even 50% LTV would be a good deal for us and for a lender as long as the rate was reasonable and fees are relatively low. With that much equity and rent at nearly 2x the payment I would think it should be easy to get financed, just not sure of the best p
