Best option to refinance a flip for a rental and get my money out of it

[Michael Furey]

I bought a house to flip and just listed it to sell. I’ve researched the rental market here and it’s pretty good. I’m now contemplating just keeping it and renting it. Only problem is, I’d like to get as much of my money out of it as possible. Are there any options for this where I can get 100% (or even close to it) in a refinance?  Anything creative?

[Matthew Crivelli]

@Michael Furey

You will 100% not get 100% out of the house on a cash out refi. In most cases you're looking 75% max. You may be able to find 80% LTV but the rate will be too high for you to stomach. If you need the money, sell the house.

A rental is a long term play. Think of it as cash on cash return, you leave money in the house and in return you get monthly cashflow.