Can you take a cashout refinance on my investment property?

We are prepared to offer: Purchase Price: $460,000 Down Payment : $23,000 (5% of Purchase Price of $460,000) Interest Rate: 5% = $107,815.60 Monthly Payments: $2,000 x 60 months = $120,000 (Principal & Interest) Term: 5 Years (60 months) After 5-year term: Lump Sum Payment of $424,815.60 from refinance with conventional mortgage Total Sale of Property: $567,815.60 $23,000 – Down payment $120,0000 – 60 Payments (Principal & Interest) + $424,815.60 – Lump Sum Payment $567,815.60 – Total Payment for Property Seller financing is the best way I can give her the highest possible price.

My buddy in Kokomo is scared to refinance his house.

In your scenario, at refinance, the bank will pay back the original loan of 60k first, then give you a check for 30k.

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.