BRRRR: 75% LTV Cash-Out Refi on a Duplex Investment Property ?

[Michael Keane]

Hello BP Community.

I am approaching the Refinance step on a BRRRR, and understand that 70% LTV is the Freddie/Fannie limit for a cash-out refi on a 2-unit rental property.

Are there strategies for leveraging 75% LTV on the cash-out refi? Do any lenders have discretion over LTV or are all bound by Fannie/Freddie?

[Sean Thompson]

@Michael Keane typically across the board rates will be higher, but maybe not as much as you think depending on a lot of the details of your property. Cash flow, market, your credit score can influence your rate and leverage with DSCR, or commercial loans.