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Updated almost 4 years ago,
Cash Out Refi
Wondering if anyone has experience with doing cash-out refi's on their rentals? I have received so much inconsistent information about our options as far as doing a cash-out refi that I don't know which information is accurate...Can you do a cash-out refi if you own 10 financed properties and what about if you own more than 10 financed properties? Some Loan officers say none at all, some say only if you only 4 or less, some say 10 or less. Very few say you can do 1 if you own more than 10 unless its a portfolio loan or a specialized lender where the rates will likely be substantially higher....Does anyone have straight (and accurate) answers on this?? Thanks so much!