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Updated about 6 years ago, 12/10/2018

Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
Connect

User Stats

59
Posts
5
Votes
Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
Connect
Alan Hicks
  • Investor
  • Lawrenceville, GA
5
Votes |
59
Posts
Buying & Selling Real Estate

Thoughts of VA Refinance

Alan Hicks
  • Investor
  • Lawrenceville, GA
Posted

My primary is a VA loan, 30 years, 4.25%.

Purchase price was $219k, I owe $215k. Appraised for $285k.

I was thinking of doing a 100% VA-refinance to tap into the equity to purchase 2 rental properties (with mortgage of course ). Problem is the refinance rate is 5.25%.

No sub-$100k deals near me.. so it would normal 20% down and looking at $200/door cash flow.

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