Financing question as a newbie

[Roy Gottesdiener]

We own 2 rentals under an LLC, one in FL the other in NC, and we want to refinance both, abd use that cash as a down payment for a third property. Aiming for 75% 30 years. Is that doable? If so, through a bank? And if not what's the closest we can get to that plan?

[Cameron Tope]

Hey Roy, 

Yes, I agree with @Will Fraser - there are plenty of banks that will do a cash out refinance at 75-80% over 30 years. The banks may be tightening up a little right now but if you're patient then you should find your terms no problem.