Cash out ideas needed

[Santosh Prabakar]

I bought a fixer with cash in Round Rock with the goal of flipping it. Due to market condition, I'm having difficulty selling it for a substantial profit and plan to rent it out until the market condition improves.

I would like to take the max cash out of the property. What are my options in Texas? The house is bought under my llc.

[David Bilandzija]

@Santosh Prabakar DSCR loans have varying seasoning requirements depending on the lender. You've likely added value and increased your equity position. Refinancing to a competitive rate or even taking cash out based on a current appraisal should be your goal. Our team helps investors refinance at a minimum 90 days of seasoning.