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Updated over 8 years ago on . Most recent reply

User Stats

11
Posts
4
Votes
Dennis O. Evans
  • Rental Property Investor
  • Upper Marlboro, Md
4
Votes |
11
Posts

need suggustion on how to refinance, after a rehab

Dennis O. Evans
  • Rental Property Investor
  • Upper Marlboro, Md
Posted

hello bp

I found this house I can purchase for 40k it needs approx 20k to rehab. I am looking at approx 65k when rehab and purchase is completed.

I have a 23k unsecured loan, 13k my personal cash, and 47k in credit cards. I was going to buy and rehab this house with the unsecured loan, personal cash, and credit cards.

What would be the suggestion to get the money back that I invested to  rehab and purchase,being my debt to income is to high to refinance?

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