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Updated over 7 years ago,
Matt BerklacyPoster
- Rental Property Investor | Realtor
- Jacksonville FL | Savannah Ga |Raleigh NC
- 161
- Votes |
- 467
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Cash out refi, qualifying, exit strateg for hold rather than flip
I want to use private money lending to jump on a deal, cash offer. I will have to refi cash-out exit plan If I hold it for good positive cash flow, and not flip it. I am terrified not being able to qualify for refi-cash out for 30 year fixed for exit strategy...
I own three properties paid off in cash, high credit,but self employed, income shows issue on paper.
Your input on cash out refi, for a newbie, .. I need confidence builder to take action, my first time doing borrowing like this..