Where are these guys?

[Christine Hull]

Right now, the average bank in my area will do a cash out refinance at about 7.5% (for a rental property, 30 years). Obviously this makes it extremely hard to cash flow a BRRR property. Why aren't there any investors out there that will offer to do a private refinance for a lesser interest rate than the bank? Or maybe there are I just don't know about them. Is this option legal?

[Justin Hammerle]

@Christine Hull - Risk adjusted returns.  6% on holding a note on a rental property, or 10% in a S&P index that you can liquidate immediately?  Typically non-bank lenders are looking for 16% per annum min as tradeoff for the risk they are accepting.