Loan to value %?

But cash out is different  Hey David, Yes, it was a short-term rental (STR).0.74 acreageThe property was marked as rural on the appraisal.1007 form not utilized 75% of AirDNA data was used for determining market rents.The potential loan-to-value ratio (LTV) for the cash-out refinance could range between 70-80%.Let me know if you like to take a look at the property.

I was going to suggest finding a place with better value, but after doing some searching online I didn't come up with much.  

Anither option could be to get a hard money loan for a property that needs work, increase its value through renovation and then refinance to a conventional loan.

And here's the kicker: once completed, the property's assessment plummets from 70% to a mere 35% of its value, setting the stage for unparalleled returns.💰💼 But why stop there?

The value of land tends to appreciate over time, but this is not a given; the value of some lands may remain unchanged or even decrease.

Liquidity and value add are the way forward. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Most capital providers require a 700+ FICO for a Cash-Out Refinance of 5+ units and six months of seasoning to use a new appraised value instead of the cost-based approach.