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Updated about 2 years ago on . Most recent reply

User Stats

423
Posts
223
Votes
Michael Evans
  • Real Estate Consultant
  • Lancaster, CA
223
Votes |
423
Posts

Help with getting small loan amounts of $30,000

Michael Evans
  • Real Estate Consultant
  • Lancaster, CA
Posted

Landlords, which financial institution do you use to refinance your performing rental properties? My investment group is looking to purchase rental properties in Detroit with cash with an average value of $60,000 with monthly rents of $1,000. We then want to do a cash out refinance (at least 50% ARV) on the property to take our cash back out. Any referrals are greatly appreciated.

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