Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 almost 8 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Ulises Becerra
  • Milwaukee , WI
3
Votes |
16
Posts

First duplex Looking to refinance and cash out for next property.

Ulises Becerra
  • Milwaukee , WI
Posted

Hello Everybody,

I just recently closed on a duplex in Milwaukee.

Details; 

Has long term tenants and making an income of $1,100 a month.

I do not have W2 income.

House is under my LLC.

I'm looking at refinancing and advise from people who use this strategy. I've been looking at a few local Credit Unions and contacting lenders.  What is usually necessary to refinance a property under these conditions?

What has worked for you? 

Loading replies...