BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago, 01/04/2021
Is 75% of LTV standard for cash out refinancing?
I called a couple lenders today to enquire about a cashout refinance on BRRRRR properties. This is specifically on a property that has been acquired, rehabbed, and rented in the span of 2 months. They are all telling me a max of 75% LTV. Is this just the baseline standard? Can I find lenders that will give me 80% LTV for this type of situation?