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All Forum Posts by: Frank Daniel

Frank Daniel has started 1 posts and replied 12 times.

Post: Equity and refinance questions

Frank DanielPosted
  • Investor
  • Huffman, TX
  • Posts 12
  • Votes 3
LTV is 65 to 70%. 20-30k equity capture in each property.

Post: Equity and refinance questions

Frank DanielPosted
  • Investor
  • Huffman, TX
  • Posts 12
  • Votes 3
I currently have 3 SFR rentals (mortgaged) with about $70k in dead equity total. What is the best way to capture this. Blanket loan all three with a cash out refi? Is that possible? My goal is to use this money to become a cash buyer and then eventually refi my new purchases. Wash,rinse and repeat.I'm becoming cash poor and don't wanna lose my momentum. Thanks