@Caroline Gerardo I do t want a LOC on the property.

@Latoya T.

We've always had decent L/T relationships since we started this venture full-on in 2018, but this one just really irks me.

I’m new to this so I’m going t on be buying my first rental with an FHA.

How difficult is it to obtain a cash-out refinance on a property for someone who is retired?

How difficult is it to obtain a cash-out refinance on a property for someone who is retired?

I just felt handing over all that it entails to list the property, show the property, verify an applicant, do a walk through, obtain a security deposit that it was worth it to hand that over for a one time fee of 75% of my first month’s rent and then take back over once the tenant is in place.

With a cash out refinance, the extra equity built up in a property either through renovation or through rise of prices in the property market, is taken out by obtaining a new larger mortgage.

I’ll link some tomorrow or you can read through my post history.Transferring Title can be tricky if you don’t refi into a commercial loanYour bank is probably telling you a LLC can t get a loan because you are talking to a residential lender.

Here's what I see  (the important numbers):Property A:Sell =     200k      Rent = 1200Owe -      79        Mort -   960Equity = 121                 = 240                         T/I      - ????