Hey everyone, I am financing through an owner and I want to make sure that I do everything I need to be doing in order to refinance through a bank.

The purchase rehab option allows you to buy with a lower down payment but you will refinance the property once it is renovated and fully rented.

My spouse doesn't have any loan under her name.For the 4th home under contract, I wonder if I should be1.)Taking loan under my name only OR2.)Taking loan under my spouse onlyThe reason I ask this is, I read that most of the big bank lenders, don't provide loan for new-purchase/refinance/cashout-refinance with more than 4 loans, due to the risk involved and amount of paperwork for them to review.Does the spouse loan count under the 4 limit, or the 4 limit is per person ?

Originally, the plan was to pay my private lender back through a refinance.

Cash out refinance?

You could refinance them and cash out some of the equity (up to 80%) or you could get a line of credit using the equity of the properties as collateral.

I’m looking to cash out refinance my primary residence and use the cash to buy rental properties. 

I refinance for money that I expect to need for a longer term (such as purchasing a property with no value add).  

Once you stabilize your portfolio, hook up with a local small bank to refinance and cash out.

If you renovate and then decide you want to hold and not flip, you can go back to the same lender or another and discuss a refinance.