BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago on . Most recent reply
COVID restricting refinance-cashout?
I am finally close to closing a deal for a flip, however my main focus for investing is BRRRR. I just spoke with a bank-lender and the finance agent said that from the start of COVID-19 banks do NOT offer re-finance-Cash Out loans. I'm sure there are many ways to go around this, any advice? I do NOT have much money to invest and am looking to be as creative as I can be. I've also found a few interested private lenders, but this information that I just received about No-Cash-Out is like a shot in the foot.
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Sebastian Heretyk as mentioned above there are plenty of lenders that are writing cash out loans. Just go to a different lender.