Updated over 9 years ago on . Most recent reply
Clarification
So say I get a duplex for $60,000. I know I need to put $15,000 into it for repairs, but the ARV is $100,000.
3 questions:
Would I be able to get a loan from the bank for $75,000?
When I refinance after 6 months to pull my money out would I be able to switch to a conventional loan, whether or not I got one in the first place?
When I refinance would I get the full $100,000 back?