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Updated almost 3 years ago on . Most recent reply

Hayato Hori's profile image
Hayato Hori's profile image
Hayato Hori
  • Rental Property Investor
  • from Long Beach, CA
  • Member since Feb 12, 2020

User Stats

11
Posts
2
Votes
Hayato Hori's profile image
Hayato Hori's profile image
Hayato Hori
  • Rental Property Investor
  • from Long Beach, CA
  • Member since Feb 12, 2020
Hayato Hori
  • Rental Property Investor
  • Long Beach, CA
2
Votes |
11
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Any good recommendation for a credit union to do a cash out refi?

Hayato Hori
  • Rental Property Investor
  • Long Beach, CA
Posted

Hey guys,

I'm looking at a duplex in MI to BRRRR.

PP $80k

Rehab $5k

ARV $140k

Issue is because I can get it for a discount and there's very little rehab needed, I'm afraid that the lender won't appraise it for that amount. In that case do you guys know of any credit unions that do commercial loans for a duplex? 

Detroit, Michigan
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