Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago, 10/02/2016

User Stats

48
Posts
19
Votes
Shay Reddy
  • Columbus, OH
19
Votes |
48
Posts

Cash out on 7 Properties / Commercial ? CashOutRefi - single p ?

Shay Reddy
  • Columbus, OH
Posted

I have this situation below - 

  • The below chart is from various properties. 
  • All are on 15 or 30-year conventional loan at 4-ish % It's going great everything is cash flowing. 
  • As you can see there is too much equity - based on a 30% down on each property I should be able to cash out a good amount of equity and go buy something and repeat. 
  •  I have more than 4 mortgages (total 7 + Primary + HELOC
  • 1 Bank says that I cannot even Refi any single property and would have to do a commercial loan. 
  • My problem is that the current rates are good , very good cash flow , but I need to cash out equity either one by one or as a whole - so I can buy more. 
  • What do people typically do in these situations? 
  • What questions to ask commercial lenders ? 
  • Any thoughts on slicing and dicing these options ?
Max Cash Out Based on 70% LTV$100,800.00$64,527.40$65,317.00$88,890.20$111,428.80$109,200.00$30,100.00

Loading replies...