Banks that provide LTV on Non-Recourse Loans

[Randy Odegaard]

Does anyone have experience with or know of banks that offer reasonable rates, terms and LTV for a cash out Refi on a SFR rental property in the Birmingham Al area? We are retired, out of state investors, high credit scores, DTI 31%.The funds will come from our self directed 401K and require a Non-Recourse Loan on the cash out Refi. Our intention is to look at properties in the 150K range and buy all cash, then BRRRR it. Is this a feasible scenario given the parameters we have to work with? Has anyone had experience in this area? Your comments, advice, expertise would be much appreciated.

Randy and Jodie Odegaard