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Updated over 6 years ago on . Most recent reply

User Stats

63
Posts
41
Votes
Jill Haselman
  • Rental Property Investor
  • Delray Beach, FL
41
Votes |
63
Posts

Cash Out Refi post Rehab?

Jill Haselman
  • Rental Property Investor
  • Delray Beach, FL
Posted

Perspective? Purchased a 4-Unit in Delray Beach, FL last July with HM (Lending On- they have been excellent) $520K pp w/25% down- gut rehab with my own cash- now a weekly vaca rental/short term stay lux compound (www.lavidadelray.com). ARV currently >$1M based on comps and knowing the market.

Opened May 2018-- Despite being off season, already have solid income trending and future bookings.  

My goal is to cash out refinance to recoup my cash investment and replicate the process or go bigger into 5+ MF.

Suggestions for financing?

  • Jill Haselman
  • Loading replies...