Likely bank options for a BRRR?

[Amanda G.]

I'm looking at a possible cash purchase ($8k-15k) that needs $40-50k of work. The ARV conservatively would be $85k, probably more like $110k. I want it as a buy and hold. I have debt to income which would fund this outlay using conventional lending. I'm wondering what kinds of programs to look for with banks. Thanks in advance!

[Harjeet Bhatti]

You can cash out under conventional loan with delayed financing exception but that won't be good option your appraisal value will be higher after rehab. The better option will be wait 6 month after rehab and  cash out on current appraisal value .