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Updated over 6 years ago,
Cash-Out Refinance on Rental Property in San Antonio Texas?
Hi BP members, I'm a new investor. Have two SF rentals one of which I have house-hacked and converted to a sole rental now. I'd like to do a cash-out refinance on one of the homes. Is this a possibility in San Antonio, Texas? From talking to someone who also is fairly new in this field, I found that all major banks he went to told him they didn't offer Cash-out refinances on rental property.
Does RBFCU offer CORE-Fi on investment properties?
I'd like to think there has to be at least one bank that does. I mean, that's the whole principle behind the BRRRR strategy isn't it? Any suggestions welcome. Anyone have any experiences they can share? Thanks.