BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago on . Most recent reply
How Many Cash Out Refinance Loans Can I Get?
I hear that you can only get 10 loans under your name before you need to work with a portfolio lender. I actually am looking to purchase properties with owner financing and plan on doing a cash out refinance to pay off the sellers as well as recoup my initial investment.
If hypothetically, I already have 10 loans under my name or Company name, would a bank still give me a cash out refinance as long as I actually have ownership in the property via an owner finance agreement?