Need Cashout Refi Order of Operations Advice

[Christopher Nemlich]

Hi All,

I'm a newbie investor looking to purchase a few turnkeys over the next few months. I have enough cash on hand to get started with 4-5, but I wanted to take advantage of current interest rates to cashout refi my primary residence to gain another 80-100k. 

My question here is with regards to the sequencing of these events to ensure I don't screw things up with the lender for the first few properties. My current debt ratio is 23% for reference.

Should I have any concerns about proceeding with the refinance now?

Thanks,

Chris

[Christopher Nemlich]

@Chris Coleman @Chris Mason

Thank you both. Sounds like I should just go ahead and get it out of the way with now before complicating the refi by adding investment properties. It will affect my DTI by about 3%, so I don't believe there' any cause for concern there.

While I'm here, another question if you don't mind. My first two quotes for mortgages for investment properties came in at 4.75% for 80% LTV. Is this a reasonable price, or are there ways to do better? Credit score is 800+ if necessary.