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Updated about 4 years ago,
Help with my refinance!
I purchased a townhome earlier this month, and I'm fixing it up. I had to use a high interest private money lender, so I'm hoping to refinance sooner, rather than later. I'm doing repairs, but expect to be done by the end of the month. The current loan is $64,000, and the ARV is $95,000, based on an appraisal done about three weeks ago. My goal would be to do a cash-out refinance, so I can pull my invested cash back out for a successful BRRRR. It's not currently rented (as I'm renovating it at the moment), but I'm planning on using it as an Air-BNB once completed. If needed for the refinance though, it should also work as a long-term rental. Can anyone here help me out with a long-term, reasonable cash out refinance loan?
Thanks,
Aaron