Some considerations are the type of loan (Conventional, DSCR, etc), the type of property, the market the property is in, the location, your income and employment, the timeframe on the cashout - the list goes on.Generally speaking, you *should* be able to cashout refi up to 75-80% LTV of the appraised value after rehab, usually following a seasoning period.

We are currently looking to do a conventional on a duplex or triplex.

Most likely if the asset is investable, there are conventional mortgage or loan options available.

BUT, if you want to pull cash based on the appraised value and not the purchase price, you'll need to wait 12 months with conventional financing or 0-6 with a nonQM type of loan.

I'm glad you two were able to connect.Although we have a pool of conventional and portfolio lenders, the challenge today is there are not a lot of "stated income" loan products.  

NJ is not a great place to invest a small chunk of cash with the taxes in the more Northern parts and the very low inventory.

The rental market is still extremely hot and prices are high with inventory low, but I have still been managing to cash flow on the new purchases.     

Hi Adelaide,For STR - you are going to get most of your business from all the sports events -- racing - Indy 500, football -Colts, NBA - Pacers, WNBA - Fever (Caitlyn Clark), We just hosted the Olympics swim trials, other events include Big Ten Championships, NCAA tournaments (NCAA headquarters here), and the Combine (recruitment for NFL).We also have a pretty busy convention center -- not huge like Vegas or Orlando, but it is solidly booked year round with events like ComiCon, GenCon, Firefighters Association, Future Farmers of America, Candy Expo, and various others.For MTR, you are looking mostly at traveling nurses and medical personnel, you also may get contract workers for the larger corporations like Lilly, Sales Force, or Rolls Royce.Happy to hop on a call and discuss further.

Housing inventory in Austin rose to 5.8 months, which is up by 1.9 months from June last year.

For a conventional mortgage, at closing, the lender wants you to maintain a homeowner's policy and so I'm trying to understand the consequences of changing the policy post closing.