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Allan Tea
  • Irvine, CA
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The refinancing R in BRRRR

Allan Tea
  • Irvine, CA
Posted Apr 27 2016, 12:01
Hello all BP friends, I am a newbie investor and have a question regarding the refinance portion of BRRRR. After completing the first 3 steps, what are the general criteria the banks are looking for to allow you to refinance/cash out? What percentage am I looking to get out considering I paid for the property with 100% cash. Will the bank allow me to get 100% back? This is in regards to a single family home that I paid for using the 70% less rehab rule. All opinions and answers welcome. Thanks in advance !

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