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Updated about 5 years ago on . Most recent reply

User Stats

45
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31
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Erwin Miciano
  • Investor
  • San Diego
31
Votes |
45
Posts

First Million Dollar Refinance?

Erwin Miciano
  • Investor
  • San Diego
Posted

Hey BP,

Just closed on our first property in Sunny San Diego.

Quick run through : Triplex House Hack VA-Owner Occupied

Purchase price: 1,100,000

Loan amount : 1,125,000

Rate: 3.125%

I'm looking into refinancing options projected at 6 months due to seasoning period.

Preferably VA-Cash Out Refi at highest LTV %.

Exit strategy is to hold long term but be able to pull cash out to fund the next deal.

What are some other strategies would you recommend looking into? What lender characteristics should I be looking for with the refinance?

Thanks !

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