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Updated almost 8 years ago on . Most recent reply

Kenny Oliver's profile image
Kenny Oliver's profile image
Kenny Oliver
  • from Avondale, Arizona
  • Member since Feb 10, 2017
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65
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8
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Kenny Oliver's profile image
Kenny Oliver's profile image
Kenny Oliver
  • from Avondale, Arizona
  • Member since Feb 10, 2017
Connect
Kenny Oliver
  • Avondale, AZ
8
Votes |
65
Posts
General Real Estate Investing

Flipping with conventional loan

Kenny Oliver
  • Avondale, AZ
Posted
Let's start with a hypothetical scenario I purchase a house at 213k with 20% down The loan was 170k 30 years fixed The loan with interest is at 307k After remodeling the house it's now worth 265k If I decide to sell the house for 265k am I able to do so as long as the 170k gets paid back or am I not able to because I need to pay back loan with interest?
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