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Updated about 6 years ago,

User Stats

15
Posts
4
Votes
Keith Minton
Pro Member
  • Investor
  • Willoughby , OH
4
Votes |
15
Posts

Looking for BRRRR Bank in Cleveland Ohio

Keith Minton
Pro Member
  • Investor
  • Willoughby , OH
Posted

Hello

I am looking for a bank where i can do a cash out refinance on properties i buy with Cash that will lend in the Cleveland Ohio area.

I have called around but not that many banks will do a cash out refinance without a long seasoning period.

My partner and i have the experience we have flipped about 10 houses and currently manage about 50 apts .

I plan on buying a rehab with cash and using cash for the repairs and the refinancing out all my money.

Basically the BRRRR strategy. rough numbers at buy for 40-50k put in 20-30k appraise for 90-100K and pull out 70-75% of that.

Just need some more money to scale.

Thanks for you help

Keith

  • Keith Minton
  • Loading replies...