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Updated over 7 years ago on . Most recent reply

User Stats

467
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161
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Matt Berklacy
  • Rental Property Investor | Realtor
  • Jacksonville FL | Savannah Ga |Raleigh NC
161
Votes |
467
Posts

Cash out refi, qualifying, exit strateg for hold rather than flip

Matt Berklacy
  • Rental Property Investor | Realtor
  • Jacksonville FL | Savannah Ga |Raleigh NC
Posted

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..

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