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Updated about 2 years ago, 11/28/2022
BRRR - Cash out Refi Question
When doing a cash out refi, do they typically give you the appraisal value or a percentage of LTV?
I have a property that I purchased and renovated on a LOC and intended to do the BRRR method. Now I am contemplating selling. If I can only get about 75% LTV for a cash out refi then it would only cover my costs and not give me any extra to use for a down payment on my next property.
I am very new to real estate investing, any insight you can provide will be much appreciated!