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Updated over 8 years ago on . Most recent reply

Sean Forner's profile image
Sean Forner's profile image
Sean Forner
  • Lender
  • from Mount Airy, MD
  • Member since May 27, 2016
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Sean Forner's profile image
Sean Forner's profile image
Sean Forner
  • Lender
  • from Mount Airy, MD
  • Member since May 27, 2016
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Sean Forner
  • Lender
  • Mount Airy, MD
3
Votes |
52
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Buying & Selling Real Estate

Cash Out Refinance

Sean Forner
  • Lender
  • Mount Airy, MD
Posted

I'm trying to utilize the equity I've built up in my rental to buy a few more properties. I'm currently not on the mortgage, but I'm on the title. If i refinance in my dad's name can I use the cash out to purchase/finance new properties? It'll be roughly 75k cash out.

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Shaun Weekes's profile image
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Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • from Rancho Cucamonga, CA
  • Member since Jun 8, 2014
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Shaun Weekes's profile image
Shaun Weekes's profile image
Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • from Rancho Cucamonga, CA
  • Member since Jun 8, 2014
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Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
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Shaun Weekes
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
Replied

@Sean Forner

If your Dad is doing a refinance and gets cash out and wants to give it to you that's fine.  It's his money!!!

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