Cash Out Refi - Interest Rates on a BRRRR

[Matt Cupp]

I have just completed the BRR and ready to start the last RR of our first BRRRR.

I'm into the house for $112K and ARV is $180K. So I'd be looking to pull just about 62% out.

I've talked to a few lenders and most are telling me they're hesitant to do cash out refis on investment/rental properties.  Have you all ran into the same response?

What rate is typical for these? 790+ credit score and DTI ratio is 20%.

Any financial institutions better than the other?

Thanks!

[Brad Bellstedt]

I have heard the same on other forum posts but with those kind of financials and a signed lease (with paying tenants) I don't think you'll have much of an issue. That kind of borrower profile is what keeps everything moving and pulls us through the hard times. The banks might be looking for YOU right now.