Beginner question
When I start to hold properties I have a basic question.If I am getting leads that are off market and getting them at 70% arv - repairs shouldn't that count towards my down payment?
If I use a HML to restore the property and am left with 30 % equity shouldn't that be enough to refi to a traditional investment mortgage? I do have a mortgage guy I will be meeting with shortly I just don't want to come across uneducated.