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Updated over 2 years ago on . Most recent reply
Refinancing in late 2022
Investor! What are your thoughts on refinancing after a cosmetic rehab in the current state of the market?
I'm currently house hacking a duplex that I want to do a cosmetic rehab to and then refinance after. I do not have the cash so will need to borrow money and look to refi to pay off private lenders. My concern is with prices lowering the rehab will not add enough value to refinance and pull the cash out to pay off the private lenders. Any ideas?
- Tanner Pile
Tanner Pile
22 Reviews
4.8 stars
Most Popular Reply
Horrible time to refinance, I got quoted 10% on a 30 year DSCR loan. It's also situational, if the refinance money NEEDS to be paid to move forward and make more money do it