Cash out refinance options

[Jimmy P.]

Hello everyone. I am in the process of trying to pool some money around for my next flip and was wondering if anyone knows of a company that does 70% cash out refi's on a property I own outright free of any mortgage. Most seem to be 50-60% but I'm reading some go to 70%. Any help is appreciated.

[Albert Bui]

It all depends on how many financed properties you have or you can collateralize multiple properties with blanket loan financing which is usually a line of credit of around 3-4% + Prime up to 60-70% fair market value.

Also depends on your middle fico score, how many months reserves you have on all your properties, and the debt to income if this is 1-4 unit we're talking about.