Updated about 9 years ago on . Most recent reply
Recommendations for refi on rental SFH and duplex
I've got two properties in an LLC that were bought with cash. I'd like to finance them so I can move on to more deals. Both have great rental histories, are located in very good neighborhoods and very low vacancy. I've got great credit and great income. Surprisingly, I called a few lenders last year and most responded they weren't interested in investor financing right now. Any tips? I didn't try all that hard - but if there's an easier approach - I would love to try that. Do I need someone local? Any recommendations on what type of loan to get? My goal is to get 70% of the equity at a low interest rate and low closing costs to buy more properties. I probably will hold the properties 2-5 more years - maybe longer.