Refinance After Cash Purchase
Purchasing a fix and flip. Have purchased cash in order to acquire the property. Looking for ways to refinance, cash out refi if possible. Need cash for repairs for the flip. Anyone have any advice on the best way to go about cashing out and reinvesting in the property. Purchase price 100k, Repairs needed
New Service and some electrical, Roof, Exterior paint, minimal interior tlc.
Looking for suggestions on ways to refi or finance the repairs estimated at 80k
Market value after repairs somewhere in the 275k range.
Most Popular Reply
There are different ways to refinance and get cash out. While under rehab, hard money is your best bet (I have a couple great lenders). Then you can refinance out of the hard money after the job is done. Shoot me a message and we can discuss your options.