Archimedes Jao
Cash out refinance
We rehabbed an STR, bought it at 400K, and we believe a conservative new value is 450K. Would 360K, or 80% of the new value, be the “cash out”? We follow someone on Instagram who seems to give this simplified equation.
Rogelio Andres Jimenez
Cash Out Refinance
Hi Everyone! I hope you're all doing well. I have a question regarding cash-out refinance rates for rental properties in 2023. I recently invested in a new build at the end of last year, and the property is now 100% c...
Robert Farris
Cash out refinance?
Hi,I paid cash for a rental property at a sheriff's sale back in May for $8500. I would like to do some type of refinance in order to fund another project.Do you have to wait at least 6 months to do a cash out refi on...
Ryan Glauser
Cash-out refinance
Can someone help me out with understanding cash-out refinancing multi-family properties. For example, If someone purchases a property for $1M @ 75% LTV and wants to refi, let's say, 2 years later. How do banks underw...
Andrew P.
Cash Out Refinance
Hey BP,I've searched the forums and am still trying to figure a few things out regarding refinancing. I bought a multi-unit in Chicago, IL that I have lived in & rented out for what will be 2 years in April 2017. ...
Anna Milligan
Cash-out Refinance
So, there's this property.... We are new to REI and have been searching several months for our first rental. We have put offers on two properties to no avail. Now, we have our eyes on a third. There are bowing base...
Nolan Gray
Cash- out refinance
Property#1 purchased cash then cash out as owner occupant refinanced to buy property #2
Rented property fully then move to free and clear property #2
Im going to fully rent property #2 but want to do another cash o...
Manny Martinez
CASH OUT REFINANCE
So long story short I purchased a 2 family in nyc in 2015 I owe 399 on it mortage is 2800 p/m but I bought it with fha loan so I am paying PMI. My realtor did a comp search and says the home is worth about 730 with th...
Ahmad Moore
Cash Out Refinance
I’m experiencing a slight problem that I didn’t know existed until now and it may just be regional. (Mobile, Al) The two banks I tried to see what the numbers would be regarding a cash-out refinance, they only do 75% ...
Nicholas J.
Cash out refinance
Looking to get some feed back on what others have found. Looking at cash out refinancing my rental house.. Talking to my bank they are telling me that they will only to 20 year term and that closing costs would run a...