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Updated over 5 years ago on . Most recent reply

User Stats

34
Posts
11
Votes
Martin Nowak
  • Investor
  • Columbus, OH
11
Votes |
34
Posts

Newbie ReFi Question

Martin Nowak
  • Investor
  • Columbus, OH
Posted

I have my sight on place that's 68K cash offer (funded by HELOC - It needs about 20K worth of work. My rough estimate market value will be 105-110K after renovation.

With 88k in how would I calculate my refinance /pymt to see if it’s worth investing into?

Would I need money down for refinance? Does it seem realistic I can get 88k out to payback heloc?

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