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Updated about 7 years ago,

User Stats

58
Posts
333
Votes
Anthony White
  • BUENA PARK, CA
333
Votes |
58
Posts

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

Anthony White
  • BUENA PARK, CA
Posted

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... 

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