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Updated about 5 years ago on . Most recent reply

User Stats

28
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19
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Rodney Buford
  • Lees Summit, MO
19
Votes |
28
Posts

Missouri BRRRR - Refinance

Rodney Buford
  • Lees Summit, MO
Posted

Good morning BP,

Trying to complete the second to last "R" (Refinance) of my BRRRR Project, Looking to find a lender that can do 75% - 80% LTV. My 6 month Hard Money loan is coming due at the end of September, I could extend another 3 months but really don't need to. I have both sides of the duplex already rented. Summary of Project:

- Total (Purchase & Rehab) - $61,000

- Estimated Appraised value - $80,000 - $85,000 (New Roof, New Windows, Total remodel on inside)

- Total Rental Income - $1,200/month

Looking to see what lenders are out there that would be interested in refinancing, I have a W-2 job as well.  I appreciate any thoughts/help on lenders that I could reach out to.  

Thank you in advance for any insight or input.

Rodney

  • Rodney Buford
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