Paying too much initially can significantly impact overall returns, emphasizing the need for thorough due diligence and possibly more stringent financial analysis before purchasing.For future investments, consider leveraging local market knowledge further and refining your property evaluation techniques.

Tricky with current interest rate environment, as a refinance makes no sense rn.

I've just completed my BRRRR and I'm looking to cash out refinance.  

When you refinance to the agencies, their terms are longer, 10 years and sometimes longer.I would jump on a call with a mortgage broker to discuss various scenarios.

As a banker I look at the final loan and a $220K on the refinance on a 30 year using 6.875% (even with rates falling 80% LTV NOO) as a rate you are at $1,445.24 P&I. 

And can refine that picture of where, what and at what price something should make sense.

This could come from an early sale or from a refinance.  

For your client's cash-out refinance on an adult family home in Washington State, it would be helpful to reach out to lenders who specialize in DSCR loans, especially those experienced with unique property types like adult family homes.Contact Local Lenders: Start with local banks and credit unions in Washington that offer DSCR loans, as they may have specific programs tailored for adult family homes.

Purchase price: $330,000 Cash invested: $80,000 Buy and hold purchased with long-term goal of appreciation, and possible refinance when rates go down.

I was given the loan terms verbally from a DSCR loan broker out in California for a cash-out refinance on one of my rentals.