Deal Analysis

[Paul Williams]

Recently purchased a condo (3/2.5, 1500 sqft) at a foreclosure auction.

ARV - $105,000
Purchase Price - $68,000 cash
Rents for - $1,200
Repair Estimate - $7,000 (Flooring & Paint)
Association Fees - $203/mo
Taxes - $907
Insurance - $50/mo

I am looking to implement to BRRR method and wanted to ask for advice.

When looking to refinance, what type of loan and LTV should I be looking for. I am aware for an investment that current interest rates for an investment would be high 4's to low 5's. Should I be looking to finance what I have in it ($72,000 and a 30 year loan?)?

Thanks for the advice!