Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

30
Posts
19
Votes
Russell Buxton
19
Votes |
30
Posts

Cash out refi on 12unit multi family

Russell Buxton
Posted

Owned a 12 unit multifamily for 12months. Purchased for 360K and put in 70K in repairs. Rental income 80k for the year. Property now running stable with NOI per month at approx. 6k. (month 13 and onward). Considering doing a cash out refi on property. Question. As I have shown only 10K in NOI in total in entire first year - should I wait for more months of positive months of 6K cashflow before trying to do a cash out refi? Any tips on where to start looking for cash out refinancing on large multi-family units? Thanks.

Loading replies...