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Andrew Nguyen's profile image
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Andrew Nguyen
  • Member since Sep 22, 2019
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Andrew Nguyen's profile image
Andrew Nguyen's profile image
Andrew Nguyen
  • Member since Sep 22, 2019
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Andrew Nguyen
2
Votes |
8
Posts
Mortgage Brokers & Lenders

Investment property cash-out refi

Andrew Nguyen
Posted Aug 4 2020, 19:08

Let's say Zillow zestimates a property worth $150K.  If I were able to buy the property with cash for $100K. Would a lender let me immediately take out a loan of $150Kx75%=$112K without doing any improvement to the property assuming the property's condition on par with the Zillow's comps?

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