Question on refinancing rentals.

[Terry Brennan]

I just purchased a town home for 20K, I didn't have any luck financing a loan that small so I purchased cash, My question is, what are my option for refinancing? The property is worth around 50k. I have owned it for 3 months and cash flow $1,100 after expenses.  I have the opportunity to purchase 3 more on the street in the same price range but I want to make sure there is a way to pull my money out to invest in other properties in the future. What are my options?

[Joshua Brown]

Terry Brennan any bank that does commercial lending and that will lend on residential investment RE will do a loan taking all of the properties as collateral. If you are planning on selling any of the properties have the lender include a release clause in the loan docs.