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Updated over 1 year ago on . Most recent reply

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32
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Archimedes Jao
13
Votes |
32
Posts

Cash out refinance

Archimedes Jao
Posted

We rehabbed an STR, bought it at 400K, and we believe a conservative new value is 450K. Would 360K, or 80% of the new value, be the "cash out"? We follow someone on Instagram who seems to give this simplified equation.

  • Archimedes Jao
  • Most Popular Reply

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    Replied

    That sounds about right, run an appraisal so you can see the full new property value!

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