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Updated about 8 years ago on . Most recent reply

User Stats

48
Posts
8
Votes
Sean Haardt
  • Investor
  • Boonsboro, MD
8
Votes |
48
Posts

newbie with 1 property wants to know how to do a cashout refi?

Sean Haardt
  • Investor
  • Boonsboro, MD
Posted

Hello BP. I've listened to every podcast and am wondering how to find a lender for a cashout refi. I purchased my first duplex this year, reahabbed it, rented it, but don't know how to find a lender to refi. Do I need to pay for every appraisal as I search for a lender?? 

Most Popular Reply

User Stats

608
Posts
70
Votes
Doran Summers
  • Lender
  • Chicago, Il
70
Votes |
608
Posts
Doran Summers
  • Lender
  • Chicago, Il
Replied

Sean Haardt when did you purchase the property?

Most lenders require to hold investment properties 90 days and can offer up to 75% ltv of the after repair value.

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