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Updated almost 16 years ago on . Most recent reply

User Stats

124
Posts
15
Votes
Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
Posts

cash out after purchase & rehab

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

under contract on a 3 family rental property...im paying cash...but i wish to get the cash back asap after its fully rented out?...i know fannie upped the limit back to 10 but did anything change regarding cash out deals?

Most Popular Reply

User Stats

124
Posts
15
Votes
Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
Posts
Robert Granara
  • Real Estate Investor
  • Reading, MA
Replied

found a small portfolio lender just outside boston...they say they had zero foreclosures on their books last year...anywho i can refi out asap into a 5 yr ARM amort over 30 at 6%...cash out up to 70% of ARV

just what i was looking for except for the 5 ARM part

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