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All Forum Posts by: Tyler Merritt

Tyler Merritt has started 1 posts and replied 3 times.

@Alex Smith were you able to find an answer to this? I'm curious as well. I sent an email to TREC's listed email for "contact us" and hoping to actually hear something back.

Post: New Here - ARV+Cash-out-Refi

Tyler MerrittPosted
  • Posts 3
  • Votes 0

Thank you so much for the insight and quick response too! This certainly clears things up for me. 

Post: New Here - ARV+Cash-out-Refi

Tyler MerrittPosted
  • Posts 3
  • Votes 0

I'm brand new to this so please excuse any ignorance. There are a million articles across the web saying different things and I believe the BP community is going to be where the most reliable information will be for what I'm wanting to do in real estate investing. 

1. Is ARV a loan type you get to perform rehabs or is it just a calculation to help you find a good deal?

2. How can I put myself in a better position to get approved for a cash-out refinance? Any lessons learned from certain deals where you couldn't make it happen?

3. After being approved for cash-out refi, do you actually get a check from the cash you've put into the deal? Just wanting to get a logistics perspective on this process because managing the debts and cash involved is obviously important.