Updated almost 6 years ago on . Most recent reply
I need help...can’t figure out if I should buy this property..
Hi everyone! I need some help...I am a newbie and I am not sure if I should proceed with this purchase. I found a home 3 beds 1 bath, approximately 1000 sq.ft, rent in the area is 781 and purchase price is 63000. The market value is from 63-68. The numbers work: however, this property is move in ready, no repairs needed. My question is, when I refinance the property, how will I get what I put in if it only refinances for 70% ARV? Granted this property does not need any repairs.
Most Popular Reply
@Daivis DeJesus you won’t be able to refinance out your down payment because you’re paying retail