Texas - Investment Property Cash-out Refinance

[Alec Vela]

Hey everyone, 

I recently purchased my first buy and hold investment property and ran into an issue with my lender. 

My lender is telling me, 40 days into the cash-out refinance process, that in Texas, you are not able to take cash out on an investment property, only on primary residences. 

From everything I’ve read, and from people that I’ve spoken with, this seems to not be the case. 

My loan is currently sitting with a hard money lender and I’m looking to refinance out as soon as possible!