Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Refi on rental property
I purchased my first rental property last year and renovated it. I am $500 monthly positive cash flow with a mortgage of $600. I would like to refinance but Quicken Loans would not give me a refi. The property is worth approximately $150,000 and I currently have a mortgage on it for $72,000. I would like to get some of that equity out to purchase another property what are my options?