Also, for anyone considering the same, the Fannie and Freddie LTV limits for cash-out refinancing are 70% for multi-units (2-4) and 75% for SFRs. http://www.freddiemac.com/singlefamily/factsheets/sell/ltv_tltv.htmhttps://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf

So here are the numbers....Purchase price $55,000Closing costs $3500Renovations (my initial estimate) $35,000Taxes $5000/yrARV $130,000Target rent $1600/monthI am purchasing using a hard money lender, then refinancing through my credit union after 6 months "seasoning".

So, a client of mine bought a property with a conventional mortgage and Deeded the property into an irrevocable trust Now, after a number of years the lender caught on and is calling the loan. They did offer to allow ...

Curious about the signatures and names used when refinancing into a LLC.

Refinanced the investment property.

I know hard money loans may be the way to go, but I am considered about the refinancing process.

Refinanced in 2013 to a 15 year.In 2015, rented the unit for $2600/month myself through Craigslist to great tenants. 

I am now in need of refinancing to get that loan paid off before it comes due in December. 

I learned about cash out refinancing where you need to increase the property value due to the 70-90% LTV.

To buy this new 8plex I would have to refinance my current 8plex and increase the mortgage from 170k to 510k (170k+320k for new 8plex+20k for acquisition fees or other things)This is my current property (8plex)This is my current property after refinancing (8plex)This will be my new 8plexI should also add the the new property is in very good shape.