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Updated over 8 years ago on . Most recent reply

User Stats

267
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110
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Rudy Manna
  • Investor
  • Redmond, WA
110
Votes |
267
Posts

Refinance with ALL Cash

Rudy Manna
  • Investor
  • Redmond, WA
Posted

I got a very basic question. I just got a property all cash. Plan is to rehab the property, put on rent, and refinance. Some representative numbers for the property are like,

200k purchase, 50k rehab, 300k ARV.

I should be done with the rehab in 60 days.

My preferred option to go for 80% LTV loan, so the bank will loan me 240k, so my cash investment will be 10k.

Look forward to hear the options I have.

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