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Updated over 3 years ago,

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1
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Cash our refi for Florida investment properties??

Jonathan Barrett
Posted

Hi,

I'm hoping someone can point me in the right direction if they have had a good experience with a financial institution that does cash out refi's on investment property in Florida. 

I have 2 properties in Florida that are owned outright (purchased with cash) and are now valued at about 550K (both combined). I'd like to draw out equity to purchase another as I'm now starting to follow the B,R,R,R method (to some extend - as I learn more). I live and work overseas in Australia. I've been here since 2012 (off and on) as a contractor but earning better money than I could have in Florida, so I've stayed. I've filed taxes every year (for both Aus and the USA) and my income can be verified. Credit score is around 770's. I've looked up a few banks but most do not offer cash out's and the only one I could find is Pen Fed Credit Union who have been hard to contact. 

Thanks in advance!

Jonathan