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Updated almost 9 years ago on . Most recent reply

Allison D.'s profile image
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Allison D.
  • Investor
  • from Paducah , Ky
  • Member since May 2, 2016
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Allison D.'s profile image
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Allison D.
  • Investor
  • from Paducah , Ky
  • Member since May 2, 2016
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Allison D.
  • Investor
  • Paducah , Ky
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New Member Introductions

Paying cash then cash out refi?

Allison D.
  • Investor
  • Paducah , Ky
Posted

Hi all, I am new to this forum...currently we have one rental, we are moving out of primary residence to make that into 2nd rental and we are moving to our lake home.  All of these properties are owned out right.  We are wanting to buy a 3rd rental with our cash, but then after the deal is done, I want to get my cash back.  What is a cash out refi?  How does this work? Can someone please explain this to me? 

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Allison D.'s profile image
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Allison D.
  • Investor
  • from Paducah , Ky
  • Member since May 2, 2016
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Allison D.'s profile image
Allison D.
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  • from Paducah , Ky
  • Member since May 2, 2016
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Allison D.
  • Investor
  • Paducah , Ky
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Allison D.
  • Investor
  • Paducah , Ky
Replied

Thanks for the responses and explanation!  I think the delayed financing is the way we will go.  

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