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Updated over 3 years ago on . Most recent reply

Sohail Kiyani's profile image
Sohail Kiyani's profile image
Sohail Kiyani
  • from West Palm Beach, Florida
  • Member since Dec 21, 2016
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11
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Sohail Kiyani's profile image
Sohail Kiyani's profile image
Sohail Kiyani
  • from West Palm Beach, Florida
  • Member since Dec 21, 2016
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Sohail Kiyani
  • West Palm Beach, FL
2
Votes |
11
Posts
Buying & Selling Real Estate

Refinancing in Detroit

Sohail Kiyani
  • West Palm Beach, FL
Posted

I am looking to cash out on 3 SFH in Detroit area. I recently purchased them cash and plan on holding for rental income. It seems like some lenders do not lend in Detroit market. Another hurdle is that each SFR is just below 50K.

My strategy is to reinvest in more rentals in Detroit.  Can someone suggest perhaps a local bank that would do a portfolio loan on all three homes and would refi further additions to the portfolio? tku

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