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Cash Out refi...
I am new investor. I have a 3/1 worth 45k. I have a 4/2.5 worth 118k both have tenants. I also have a 3/1 worth 75k and a 3/1.5 worth 130k that are just coming on the market for tenants. Trying to get a 70% cash out. The only lenders I have found so far will do a loan for 70%, based on purchase value and documented receipts from the rehab. I want to do a cash out refinance based on the appraisal value without waiting for the six months seasoning period. Is this possible?
Thanks