General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Cash out refinance | Investment Property
Hey everybody,
So I just purchased and renovated my first rental property in cash. I am currently looking for a lender that will accept a cash out refi on an investment property, but my criteria is a little specific. I don't have any proof of income, I have "good" credit (almost a 680) and the mortgage would be for a small amount. Based on the last sold comps, the house is worth about $60,000-$65,000. I have found a few but for the most part the minimum loan amount is $100k. Obviously, this house will not appraise for anywhere close to that amount.
Does anyone know of any lenders that I can call to get this mortgage done? Thanks!