Cash out refi illegal in Texas?

[Craig Gifford]

I am currently piecing together my first BRRRR investment in Texas. In the interest of adding more properties quickly I am especially interested in the Renovation and Refi sections of the strategy.

I reached out to the loan officer that conducted my recent primary house purchase and they are saying that cash out refinance on an investment property is not allowed in Texas.

If this is true, how do people get equity out of the investment to roll into the next property?

Thank you in advance!

[Eric James]

LOL. I do them with commercial loans that even have no seasoning period. Ask to speak with someone who has been working there more than a week.