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Updated over 9 years ago on . Most recent reply

Bryan Pham's profile image
Bryan Pham's profile image
Bryan Pham
  • Rental Property Investor
  • from Oakland, CA
  • Member since Aug 3, 2016

User Stats

602
Posts
250
Votes
Bryan Pham's profile image
Bryan Pham's profile image
Bryan Pham
  • Rental Property Investor
  • from Oakland, CA
  • Member since Aug 3, 2016
Bryan Pham
  • Rental Property Investor
  • Oakland, CA
250
Votes |
602
Posts
General Real Estate Investing

Refinancing on a home

Bryan Pham
  • Rental Property Investor
  • Oakland, CA
Posted

Good Evening BP,

I have several questions regarding refinancing. I am looking to purchase a home with a down payment less than 20% let's say 10-15% taking on a PMI. Are there are rules regarding refinancing on the property with a PMI in the first month to pull out 70% of the ARV to be used on another investment property? I am not too familiar with the process and was wondering if someone can clear things up for me.

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