I added a half bathroom out of existing space on a unit and comps showed t added $50k of value.  

@Roger Hobbes What I had in mind & meant, was to take a business credit card that has 0% financing and liquidate the card.

Now a HELOC is meant to be a sub 1 year thing so you should target flips or BRRRs to repeat.

.– EduardoC&T Global Solutions LLC (WY) you would be much better off going to a local lender/bank for something of this size.

.• $60k purchase• $35k rehab• $95k total rehab loan payoff• 15% deposit = $14,250 "down payment"• $126k ARV (confirmed via refinance appraisal, borrower expected this to be higher)• 80% rate/term refinance ($100,800 loan) @ 6.75% [700-719 FICO]• Applied $4k of deposit to payoff for an updated payoff amount of $91k• Cover closing costs with 80% r/t refi + $2k back to borrower at closing (still considered a r/t refi if under $2k) + remaining $10,250 deposit reimbursed after payoff = $12,250 total back to borrower• $4k of his deposit + closing costs for rehab loan = his "cash" in the deal• $1,250 market rents• Total PITI = $765.62• DSCR = 1.6327 I do not see the hold costs.  

Happy to discuss numbers or answer questions here (keeping it high-level).Disclaimer: All information given is meant to be educational.

Happy to discuss numbers or answer questions here (keeping it high-level).Disclaimer: All information given is meant to be educational.

They’d been avoiding calls, ignoring letters, and living with this quiet dread that it was all too late.Here’s what struck me: once we walked through what foreclosure actually meant — the process, the timeline, and the possible solutions — their whole mindset changed.

Sorry I wrote my comment confusingly, I meant that railings are required when the PORCH height is 30"+. 

Or is everyone just recasting the T-12 with conservative assumptions no matter what the OM says?