To Finance Or To Walk Away?

[YiBing T.]

Hello all,

I am fairly new to the BRRRR strategy, currently, I am trying to do a cash out refinance on a property so I can put down for another property. The lender I am working with can only lend 70% LTV, the appraisal just came back 10k less than our anticipated value. I would like to check in with our BP community, what would be the best course of action at this point? Accept the 70% or walk away to a 75% LTV lender that potentially cost higher?

Yibing