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Updated over 4 years ago, 07/31/2020

User Stats

13
Posts
5
Votes
Chris Yang
5
Votes |
13
Posts

Cash out refi lenders in TX

Chris Yang
Posted

What are the recommendations you'd have for cash-out refinance on a SFR in Austin area? I currently own it free and clear. The market value ~ 300K and I am looking for 70-75% LTV.

I moved a little over a year ago from SF Bay Area to Austin hoping to start my RE investing business.

My plan was: 1. acquire 1st house as temp living, 2. search/buy for my primary residence, 3. turn 1st house to rental, 4.  cash-out refi, 5. acquire next property, 6. repeat

Now I am right at the step 3/4 on my plan, need to take my capital out so I can acquire next property.

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