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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceAnything I should be aware of?
Alex Aronson's profile image
Alex Aronson's profile image
Alex Aronson
  • Real Estate Investor
  • from Memphis, Tennessee
  • Member since Aug 3, 2008
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Alex Aronson's profile image
Alex Aronson's profile image
Alex Aronson
  • Real Estate Investor
  • from Memphis, Tennessee
  • Member since Aug 3, 2008
Connect
Alex Aronson
  • Real Estate Investor
  • Memphis, TN
1
Votes |
86
Posts
Private Lending & Conventional Mortgage Advice

Anything I should be aware of?

Alex Aronson
  • Real Estate Investor
  • Memphis, TN
Posted Apr 27 2009, 17:52

I am buying a 3 bed 2 bath attached house for 10k cash. House needs 5K in repairs and has an ARV of 45K. If I do a 75% cashout refi, for a mortgage of $33,750, what obstacles do you see me running into?

IE small mortgage amount, seasoning, etc?

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