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Updated over 8 years ago,

User Stats

94
Posts
30
Votes
Ryan Rogers
  • Investor
  • Boston, MA
30
Votes |
94
Posts

BRRR Refinance Experience Needed, Help!!!

Ryan Rogers
  • Investor
  • Boston, MA
Posted

Hey All!  Thanks in advance for all feedback!

Some back story: 

I have a deal that originally was going to be a flip but ended up holding it. 322K purchase price, put 55k into renovations and it now rents for $3250 in Duxbury MA, 40 minutes outside Boston.  Duxbury has a high growth potential for long term appreciation.

The mortgage is 305K, had an appraisal completed and it came back at 510K. My ideal situation is to refinance with a 30 yr. fixed with a cash out of 75% to 80% LTV. Or a potential HELOC.

Anybody out there that can offer advice or point me in the direction to a lender they've had experience with?

Thank you!

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