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Rehab Funding

Purchase price $35,000
Rehab cost $32,000
After-repair value $95,000
(comparable market value)
Lender will fund
70% of ARV = $67,000
giving you $28,000 in equity
.

Investment Financing

Purchase price $25,000
Rehab cost $15,000
After-repair value $75,000
(comparable market value)

Lender will fund
53% of ARV = $40,000
giving you $30,000 equity.

key points to remember

rare focus on credit
fast closings
funding of purchase, closing cost and rehab
no brokers, no middleperson

See book here

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"Very little focus on credit"