Refinance question in BRRRR

[Justin Lee Taylor]

Who is good with the BRRRR's?

We’ve noticed that local banks are starting to dry up and not offering our cash out refinance on our rentals. We’ve had a couple banks that we’ve done business with in the past tell us that they’re stopping the refinance until the first of next year.

I know our options are to either sell or to go shop around with other banks, so that’s what I’m doing next but I was just curious if other people are running into some of the same issues?