Help with Refinance

[Jordi Valado]

Hello! I am new to REI and I have been running my numbers for multiple properties I have received from my realtor. The part that I get stuck on is the refinance part. Are there banks that will do more than 70% LTV?? My goal is to get a cash flowing property that I will not have to bring much to closing on the refinance. I understand that in a perfect world this will be possible but maybe not in our current world haha. Can someone help with this mental block?

[Nate Herndon]

Hi @Jordi Valado, happy to provide some information on that. My clients in Memphis (and Southhaven, MS) are routinely looking for 75-80% LTV on their BRRRR refinance. That is totally doable.

Here are where those maximum loan amounts will land:

o Under 90-day seasoning:
75% LTV or 100% LTC (lesser of)

o 90+ day seasoning:
75-80% LTV for cash-out refinance
80% LTV for rate/term refinance