Thanks for all the replies.

Hello i literally just found that out about a cash out refinance didebt know you could do this thanks for the replys 😁

@Carl FischerThank you for the reply and the information.

@Will JimenezWelcome Will!I

Matt, I haven't been here in a while but I want to reply since this may be valuable to others as well.Needless to say, the one tenant is gone and I was able to get another one right away.

Thanks for the reply Amanda.

Every time I go to finish that project I look at my options, and every time thus far I find that the $25k would be worth more to me if I deployed it into another property rather than finishing an addition.If you are growing a rental portfolio for passive retirement income the most important question (per my opinion) is if I borrow X what will I get in return?

And when I did look this up, it wasn't a mortgage guideline I found, it was a federal law.Granted, Wells Fargo often has a hard time understanding that they can't just make up laws and do what they want all willy nilly like they run the world, which is exactly why they get fined all the time.

MF investors always look for some sort of value-add opportunities when buying, and so will I.

And Yes, tenants in our area typically pay for everything but water.I replied to John within the quote below, not sure how well it shows up for everyone.