Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply

Cash our refinance investment property
Does anyone have a work around for cash out refinancing investment property without the 6 months reserves requirements for all investment properties? here is my problem. I have a condo with sufficient equity to tap into for cash. The problem is that I also have 6 other investment properties, Fannie Mae guidelines requires that I hold 6 months PITI reserves for all investment properties in order to refinance. The total reserves required comes out to 80K or more, unfortunately I don't have this amount sitting in my bank account. Can anyone suggest another idea on how I can get cash out without having to sell the unit?