Cash out refi on rental property
I live in Pennsylvania and am looking to refi n cash out a couple of my rental properties. I have a private lender that I owe for 2 properties as well. I wanna do this based off of my cash flow and equity since I am not working and trying to make real estate my full time job. Can anyone lend me some advice???
Most Popular Reply
@Lance Stahl your scenario will be based on the DSCR of each property.
If you choose to do a strait refinance 80% LTV or cash out refinance 75% LTV.
There are lenders that will not touch your personal financials-all based if the rent roll can cover the mortgage payment.