All Forum Posts by: Keishee Hill

Dallas Schwab looking at the numbers you provided in this thread, there would not be enough equity for you to do a refi cash out regardless if you use a 203k or not. If the purchase is $100k and repairs are $15k, you are already at $115k and you said 75% of the ARV is $112.5k. So, if you put 3% down, the loan will be $112k...the only thing you could cash out is $500 (the difference between the 75% of the ARV and the loan amount. If you can find a bank that will refinance at 80% of the ARV because you live there, at least you could cash out $8k, but you would have to continue to live there. But yes you can do a refi cash out with a 203k loan. You can even use the same lender if you wanted to.

Welcome! Let us know how we can help. There is a lot of knowledge on this site.

@Lee Schram Did you decide to use SIC Funds? If so, how was your experience using them?

Does anyone have any recommendations for mold remove in the south suburbs? Preferably someone you have used before. And while you are at it, go ahead and share your mold stories while you were completing your rehabs.

I work on the southside of Chicago and South/Southwest suburbs of Chicago as well. PM and we can talk.

Welcome to BP! Let us know how we can help.

Try Gold Coast bank and ask for Josh. 

Barbara Gaston welcome to BP! Add me to your list. If you have any questions, don't hesitate to reach out.

Welcome Ron Reed !

PM me. I can recommend you a lender.