I bought a house with 100% financing no money down just closed can I brrr that loan and refinance it Has $40,000 in it Equity after repairs
@David Wilson You usually can refinance the home. There may be a waiting period of 6 months before you can do so, and the bank usually wants you to leave 30% equity in it if it's an investment property. So, not sure if refinancing this one will benefit you at all as I don't know what the total value of the home is.
I bought it for 410 I’m putting a An putting $10k in it All the homes in the area are selling for 450 or better four bedrooms 2 1/2 bath 2000 ft.²
How'd you get 100% financing ? That'll be the biggest driver of if you can refi...
Look for zero down home loans then find a motivated seller at a property price below value then you work your magic from there the big loop hold for me is I have to wait 12 months to refi an can I get money out Zero down hormones are everywhere
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