All Forum Posts by: Collin DeWese

What do you do? Management? Would love to talk via email, phone/text if you don’t mind! We are aggressively looking. Made many offers. Just haven’t come across the perfect one to go all in on quite yet.

Hey everyone. My partner and I have made multiple offers on fmb and after spending a few weeks working an off market deal we feel we are getting cold shouldered. We decided to regroup/dig in a little deeper to the SW Florida STR market. We've looked into new construction, single family and multi family. If there are any investors in this market that would be willing to chat and maybe share some of your experiences it would be greatly appreciated.

Thanks for that info tanner. That strategy may be sufficient considering I will still be able to complete the cash out refi within 6 months or so. Just to clarify, are you aware of any federal regulations that do not allow banks to cash out refi an investment property immediately after a cash purchase and upgrades are made? Even if it might be a few weeks after the closing? 

Hello everyone. 

Here is the situation I am currently in and trying to resolve. About a week ago I bought a single family rental with cash and I bought it way under value. I would like to refinance it asap for the appraised value but banks are telling me due to federal regulations they can only finance up to 80% of the lower value between purchase price + rehab costs or the appraisal. Is this accurate? My goal is to refinance this property to be 0 dollars invested at the very least. I would prefer to refinance and do a cash out off at least 80% of the appraised value however. Any information is much appreciated.