subprime
3594 Posts |
 Posted - 07/09/2008 : 10:47:01 PM
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Eric
On the purch, which is maxed at 65%, would you look at a rehab property using the ARV? For example, if the value was coming in at 1,000,000 and the property was in need of some rehab and a quick close to get it under value, could be purchased at 600k, would you use the equity in the property as the down payment, or would you require the 35% down payment to come from the borrower?
If would you would require the down from the borrower, do the funds need to be sourced and seasoned? |
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