All Forum Posts by: Joe Pirapakaran

 Hi Nick

Thank you for the info ! 

how about if you owed your private money lender 100k instead 

if your able to get 140k off the 70% LTV.

would you refinance for the full 140k or just the 100k you owe your private money lender ? 

could you take the 40k extra after paying back the private money lender and roll that into another deal thus needing to borrow less private money next time? 

or would you refinance for the 100k so you could cashflow more per month?

is one option better than the other or is it just personal preference ?

Wondering if anyone can provide some insight

So your done rehabbing your deal and ready to refinance 

lets just say, you owe your private money lender 140k thats purchase, rehab and interest 

the house appraises for 200k.  With a 80% cash out refinance your loan amount is 160k

Are you only writing a loan for the money you owe the lender ? (140k) or the full 80% of the ARV (160k)

what are there pros and cons of both  ?