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Updated over 10 years ago on . Most recent reply

User Stats

82
Posts
18
Votes
DeWayne Mann
  • Rental Property Investor
  • Washougal, WA
18
Votes |
82
Posts

buying, holding, and recouping my money

DeWayne Mann
  • Rental Property Investor
  • Washougal, WA
Posted

so, im getting conflicting answers from people. my question is this: if i use hard cash or private money to buy, rehab, and hold. as long as i keep my ARV under their loan threshold of 70-80%, i should recoup all the money i put into property...correct? yes....this is how green i am. i guess it would be more like...buy, rehab, recoup money, and hold

Most Popular Reply

User Stats

247
Posts
85
Votes
Jeff McCaskey
  • Investor
  • Isabel, KS
85
Votes |
247
Posts
Jeff McCaskey
  • Investor
  • Isabel, KS
Replied

Depends on the bank and you should definitely know that before you spend any money!! Smaller banks are better with that.

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