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Updated almost 14 years ago on . Most recent reply

Michael Seutin's profile image
Michael Seutin's profile image
Michael Seutin
  • Real Estate Investor
  • from Vallejo, California
  • Member since Aug 8, 2009
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120
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Michael Seutin's profile image
Michael Seutin's profile image
Michael Seutin
  • Real Estate Investor
  • from Vallejo, California
  • Member since Aug 8, 2009
Connect
Michael Seutin
  • Real Estate Investor
  • Vallejo, CA
7
Votes |
120
Posts
Rehabbing & House Flipping

I bought property cash, can banks finance rehabs, how?

Michael Seutin
  • Real Estate Investor
  • Vallejo, CA
Posted

I bought this property for 11k, needs about 15k of rehab. I hold property under LLC. Property should appraise around 30k after repairs. First bank I called gave me a hard time because it's held under an LLC. Which banks do you guys use? any suggestions apart from hard money loans? I am not trying to flip but to hold for long term rental so I need low interest rate and long term for rehab loan.

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