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Updated about 7 years ago on . Most recent reply

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11
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4
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Patrick Williams
  • Real Estate Investor
  • Berwyn, IL
4
Votes |
11
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Refinance my Airbnb two flat

Patrick Williams
  • Real Estate Investor
  • Berwyn, IL
Posted

Hi! I have a two flat I purchased 3 years ago for too much money but, as luck would have it, managed to rent it out via Airbnb and have been profitable every year. I'd like to continue investing in more properties (flips, brrrr, Airbnbs, etc) and would like to know more about using the value in my two flat to help finance more deals. Market value of the two flat is around $300,000, I owe $210,000. Thoughts? 

Most Popular Reply

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22,059
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14,128
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
Votes |
22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Max LTV on a convential cash out refi for a duplex is 70% (per Fannie Mae Eligibility Matrix).  Unfortunately you're right at that number.

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