Cash out Refinance

[AL Brown]

If i purchase a condo all cash and 6-12 months down the road i want to do a cash-out refinance to put as downpayment or other investment activities what are some of the issues if any i may come across being as though its a condo and certain banks do not like financing condos. Location Palm beach county Florida 

[Justin Jocewicz]

@AL Brown. Make sure your personal finances are in order. Then, I would think a HELOC to use your equity for another investment property would be a good way to go. Then roll them up into a commercial portfolio loan. I just did this in PBC with three of my condos at 70% LTV.