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Updated over 4 years ago on . Most recent reply

Cyarnae Fields's profile image
Cyarnae Fields's profile image
Cyarnae Fields
  • Member since Jul 7, 2020
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Cyarnae Fields's profile image
Cyarnae Fields's profile image
Cyarnae Fields
  • Member since Jul 7, 2020
Connect
Cyarnae Fields
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5
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Buying & Selling Real Estate

Refinance Cash Out rental property

Cyarnae Fields
Posted

First year renting out primary home and was looking to do a cash out refinance to buy other rental properties. Credit score is excellent DTI is not bad. Was recently laid off due to Covid 19 and currently only receiving unemployment and rental income. Can I still apply for a cash out loan or do I need to find employment first?

Also think I am going to be taxed due to receiving unemployment and rental income.

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