Quick Question About A BARRR - Refinancing/ Portfolio Loans etc.

[Anthony White]

Hello All - 

I have a some questions and looking for some expertise help... 

In the recent months I have purchased 4 different properties... 

All properties Cash Flow, and as you can imagine all properties were bought pretty low. ($40k, $20k, $25k, and $60k) Equity should be  25%-50% including the purchase price of these properties. Meaning the duplex I got for $40k, its identical neighbor sold for $79k, 2 weeks ago. 

Now here are my questions:

I am looking around a few months in and I am finding some trouble and that there is either a minimum as you know to cash-out refinance these properties.

I was thinking of grouping them all together and doing a portfolio cash-out refinance... Is there such a thing?

What would be the best way to refinance out to get all my cash back out of these properties? 

One last thing - I am in SoCal and the properties are in Memphis, TN

Thank you... 

[Douglas Skipworth]

Hi, @Anthony White.

Congratulations on building a portfolio of properties!  

There are several local community banks who would enjoy hearing your story and could possibly refi all the properties for you in a single loan.

Send me a private message and I'll be happy to make some introductions for you.