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Updated almost 6 years ago,
7 rentals in SanAntonio Total value: $860K want to refi
I have 7 rental homes in San Antonio Texas worth over $860,000. I have loans on all of them except for 1.
Was wondering if I can do a cash out refi and get a good rate on them.
Looking to get $550,000 30 year fixed
Total current loan amount is $355,000
Gross yearly rents: $100,000
Taxes: $18,000
Insurance: $3500
Whats the best way to move forward on this? Any suggestions or referrals?
Thanks!