Is cash out too good to be true?

[Michael Pakizer]

I am a borderline full time real estate investor looking for long term financing advice. My business partner and I both have 800+ credit scores but are pretty much maxed out on our DTI ratios for conventional mortgages. We have been flipping turn key rentals to investors for the past year and really want to start keeping these instead of selling them. I have seen ads on websites claiming 75% LTV 5.99%-8% fixed rate 30 year loans for cash out refi's and they don't look at tax returns. I would love to connect with someone who has experience working with these types of lenders. I would love to hear success stories or pitfalls people faced.

Based on my numbers it seems like I could potentially borrow much more than I have in to a property. It seems too good to be true. Anyone know? Is it?