Cash-out refinancing for a rental condo
Dear Fellow Investors,
In your experience, is a cash-out refinance anymore complicated or expensive for a rental condo than a cash-out refinance for a rental house? Does it make a difference if the condo association in question is not FHA certified? For context, I do not want to lose a good deal on a rental condo that's not FHA certified. The deal is stuck because the association's management and underwriter have been going back and forth with inquiries going on three weeks now. But if I ditch the loan and buy with all cash, I also want to cash out refinance 65% of the purchase price with competitive terms.
Thank you and happy holidays!
Danny