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Updated about 9 years ago,

User Stats

24
Posts
2
Votes
Chris Sickler
  • Flipper/Rehabber
  • Kansas City, MO
2
Votes |
24
Posts

Is anyone getting 30 yr. refi's on their rentals?

Chris Sickler
  • Flipper/Rehabber
  • Kansas City, MO
Posted

I talk to a lender today to find out about refinancing my rehabs to turn into rentals, but he can only give me a 15 year which makes it hard to return a positive cash flow.  If I could get a 25 or 30 I would be better off right?  Are there lenders out there that will give me that range on investment properties.  Also is there a max on the amount of loans you can get?  I have $250,000 in cash so that's not a problem, but I would like to buy 30 rentals this year, but won't be able to do it unless I can gain some equity on each of my refi's.  Any advice would be great!!

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