Cash-Out Refis on Rental Property

[Steve Peterson]

I'm having a really difficult time finding anyone to cash-out refi my rentals in Ohio. I'm working with AIMLoan -- but they are taking forever -- and cannot do a 30 year. So I'm stuck with 15 year and only 70% LTV on the duplex (75% on the single family). Thankfully, rates are at 3.25% and 2.875% respectively. But I've literally found no other company that can loan on Ohio rentals with out of state ownership. Where do you look to find additional loan options? I post on the BRRR facebook group and get hard money only. I'd even consider a 5/1 or 7/1 ARM if that's available. Just have a ton of equity that I need to access right now, and very few options.

Ideas?

[Steve Peterson]

@Patrick Drury. That’s great. Looking for conventional and not hard money.