BRRR- house price too small?

[Amanda G.]

I might be able get a house for $25k, guessing $10k of work needed to get it to $60k of value (being conservative in my estimates). If I was looking to BRRR it, would I have trouble getting a refinance because of the small price tag? I've heard of break off points at 50K.

[Alexander Felice]

50K is a fairly standard minimum. So if you get a 75% loan you need the house to be worth $66,700 at the absolute minimum. 

Also, some lenders (mine) will hit you with additional points for going below $60K