HI ALL I am currently reading a book on real estate investing and just have a quick question on understanding some concepts. The Author stated that you could obtain 100% financing if it appraised well above what you have bought and rehabbed for the house. So basically I am suppose to purchase the house with cash, pay for the rehab work, get it appraised and then try to obtain financing from the bank? So they are initially paying back my money invested if it appraised above everything I put into it? How does this work????
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7 hours ago - Chicago
Source: http://www.zillow.com/advice-thread/100-Investor-Financing/468914/
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