Refinancing a BRRRR Properry with ARV Under $75,000
Title says it. I've called 5-10 local banks and asked about residential refinances, and everyone is saying they can't refinance properties under $75k ARV. I have a 2/1, 900sqft rental in B-/C+ neighborhood that has an appraised value of $60k with almost everything new. All the properties in the neighborhood are of similar size, condition, and value. I'm at that critical Refinance point on my property, but I can't find a lender to service a property at my value point. Any pointers on how to execute the Refinance step on such a property?
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Real Estate Agent
- RE/MAX Real Estate Limited