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Paul Sterman
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How to get a bank to do a refinance for BRRRR?

Paul Sterman
Posted Dec 5 2019, 07:32

Hi,

My local bank said they will not refinance a BRRRR without me leaving 20% hard money in the property even if my improvements increase the assessed value by more than 20%. Seems to paralyze the BRRRR method.

Can anyone suggest a bank that will allow me to cash out on the BRRRR? Looking in North Carolina (if that matters).

Thanks!
Paul

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