BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
Refinance Options Available?
I’ve done a lot of shopping around for a cash out refi and the best I’ve found with no seasoning requirements is giving me a rate of 6.75%. Is this higher than expected?
I am refinancing the property with a LLC so I only qualify for portfolio and commercial loans. The closing costs aren't too bad on this and there are prepayment penalties within the first 7 years, but the rate is still pretty high.