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Updated over 7 years ago on . Most recent reply

Sean Haardt's profile image
Sean Haardt's profile image
Sean Haardt
  • Investor
  • from Boonsboro, MD
  • Member since Jul 19, 2016
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Sean Haardt's profile image
Sean Haardt's profile image
Sean Haardt
  • Investor
  • from Boonsboro, MD
  • Member since Jul 19, 2016
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Sean Haardt
  • Investor
  • Boonsboro, MD
8
Votes |
48
Posts
Starting Out

newbie with 1 property wants to know how to do a cashout refi?

Sean Haardt
  • Investor
  • Boonsboro, MD
Posted

Hello BP. I've listened to every podcast and am wondering how to find a lender for a cashout refi. I purchased my first duplex this year, reahabbed it, rented it, but don't know how to find a lender to refi. Do I need to pay for every appraisal as I search for a lender?? 

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    Doran Summers
    • Lender
    • from Chicago, Il
    • Member since Nov 12, 2015
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    Doran Summers's profile image
    Doran Summers
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    • from Chicago, Il
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    Doran Summers
    • Lender
    • Chicago, Il
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    Doran Summers
    • Lender
    • Chicago, Il
    Replied

    Sean Haardt when did you purchase the property?

    Most lenders require to hold investment properties 90 days and can offer up to 75% ltv of the after repair value.

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