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Updated 6 months ago on . Most recent reply

Heath D Wallace's profile image
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Heath D Wallace
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  • from Fort Worth, TX & Bristol TN
  • Member since Aug 14, 2024
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Heath D Wallace's profile image
Heath D Wallace's profile image
Heath D Wallace
  • Investor
  • from Fort Worth, TX & Bristol TN
  • Member since Aug 14, 2024
  • Posts 44
  • Votes 11
  • Experience 3 Yrs
  • Investments 2
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Heath D Wallace
  • Investor
  • Fort Worth, TX & Bristol TN
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A Good Rehab Loan

Heath D Wallace
  • Investor
  • Fort Worth, TX & Bristol TN
Posted

What does a good Rehab Loan look like for a $75,000 house with a $70,000 rehab budget?  I'm looking for interest rates, draw schedules, etc...

  • Heath D Wallace
    • Chattanooga, Tennessee
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    Stuart Udis
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    Stuart Udis
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    The smaller neighborhood banks will be the most cost effective option. Not all have products for this, but some do. Expect a depository relationship requirement. Worth exploring because these are relationship lenders who can really help you grow but requires time on the front end to cultivate these relationships.

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