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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceBuy a house, fix it up, refinance loan for what its worth after?
Tyler J.'s profile image
Tyler J.'s profile image
Tyler J.
  • Member since Jun 30, 2012
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Tyler J.'s profile image
Tyler J.'s profile image
Tyler J.
  • Member since Jun 30, 2012
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Tyler J.
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32
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Private Lending & Conventional Mortgage Advice

Buy a house, fix it up, refinance loan for what its worth after?

Tyler J.
Posted Jul 10 2012, 18:16

Is it possible to do this?

Example- Buy a house for $40k. Cost 10k to fix it up, then house appraises for $90k. If you put down 20% on the original loan, then you have a loan amount for $30k on a house worth $90k. Can you refiance is or take a heloc on the ARV of the house?

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