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Updated over 6 years ago on . Most recent reply

Jeremy Albers's profile image
Jeremy Albers's profile image
Jeremy Albers
  • Realtor
  • from Greensboro
  • Member since Nov 19, 2018
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User Stats

34
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11
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Jeremy Albers's profile image
Jeremy Albers's profile image
Jeremy Albers
  • Realtor
  • from Greensboro
  • Member since Nov 19, 2018
Connect
Jeremy Albers
  • Realtor
  • Greensboro
11
Votes |
34
Posts
Rehabbing & House Flipping

Refinance with cash out

Jeremy Albers
  • Realtor
  • Greensboro
Posted

I am newly licensed and looking to buy my 1st investment property - rehab - Rent - refi - repeat... you know what chilly business I’m speaking of!

Looking at lenders for 40-60k, little to 20% down - rehab loan up to 65k total in. Appraisal at 90k - the Refi is where I’m a bit foggy - how do I pull cash out to repeat the process? Or what is that next step in using the equity?

Thank you!!

Jeremy - new to BP

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