Re-fi's for re-hab's [?] - Posted by Zack W

Posted by ib (nj) on March 15, 2001 at 20:06:53:

Try refinancing from First Union (75% LTV) OR bANK oNE (80 %) Seasoning not an issue.

Re-fi’s for re-hab’s [?] - Posted by Zack W

Posted by Zack W on March 14, 2001 at 21:27:53:


I have my cash. I have a guy who is willing to do all the repairs on fixer’s for a 60/40 split [me 60]. I put up cash, he does the work.

This is a great deal for me because I am not handy and I work full time. I will do minor work, paint interior etc.

My problem is, once rehab is complete how do I pull out our cash? I think I read Freemont does re-fi’s on unseasoned loans. T or F? Also, what other methods are there of pulling out cash besides a straight sale? I can think of none.

Zack W