BRRR Refinance Experience Needed, Help!!!
Hey All! Thanks in advance for all feedback!
Some back story:
I have a deal that originally was going to be a flip but ended up holding it. 322K purchase price, put 55k into renovations and it now rents for $3250 in Duxbury MA, 40 minutes outside Boston. Duxbury has a high growth potential for long term appreciation.
The mortgage is 305K, had an appraisal completed and it came back at 510K. My ideal situation is to refinance with a 30 yr. fixed with a cash out of 75% to 80% LTV. Or a potential HELOC.
Anybody out there that can offer advice or point me in the direction to a lender they've had experience with?
Thank you!