I am looking to refi some investment property to cash out existing equity for the purpose of fixing up the properties and increasing my cash flow. I am fairly new to the investment business and would appreciate any thoughts or advice available. By the way, this site is GREEEEEAAAAAT! Thanks, JVBubba
What kind of LTV’s are you trying to get on these properties? How long have you had them?
In the 100% range. Owned them for about 9 months.
We could do a few different types of loans for you. Your seasoning is good. What state are you in?
Missouri. Thanks, JVBubba.
With 9 months of seasoning and assuming that your credit and othe rfactors are good…you should not have any trouble getting some competitive programs.