All Forum Posts by: Ashley Keeler

@David Kelly thank you for the info!

@Mike McCarthy thank you! Very helpful!

@Cameron Tope that definitely helps! Just trying to make sure our savings is in the best spot so we can be using all our money efficiently. Really appreciate your time and input!

@Tanner Sherman hahaha laughing at the depends joke. Thank you for your time and advice. Definitely will talk to lenders before we get going. Appreciate your advice!

Hello everyone! We are planning on buying our first property in the next few months. We will buy it in cash. We want to do a cash out refinance and brrrr the property. We both have high paying w2 jobs.

Do we need to have a certain amount of money in the bank for a certain period of time before we do refinance? We currently have our money in stocks and crypto and we don’t want to pull our money out sooner then we need to, unless required (riding out some gains).

We are wondering if we need to show money in a savings or checking account for a certain period of time or it is ok to just take it from our investments? Since we are buying the property cash, this question is specifically if there would be issues for the refinance portion.

Thanks for the advice!

@David Barnett

I haven’t narrowed down the exact area I will be focusing on quite yet. We will have access to more than $140,000 with a heloc on our own property and some potential private money, so we won’t necessarily be capped at that range. I see you are an out of state investor in Minnesota. Do you have any advice for me?

@Chris Cooper

Thanks for your input! Sounds like you are doing well and you have adapted to the situations as they have come up. No matter how prepared I am, I know I will have to be flexible as the unexpected arises and adapt like you did.

@Preston Quinn

Awesome advice. I will definitely work on creating relationships with banks/lenders. Congratulations on your success!

@Paul Tischleder

Sounds like you are doing great! Thanks for the advice. I’m trying to be as prepared as possible and every tip helps.

@Todd Rasmussen

Thanks for the tips!