Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Mobile Home Park Investing
Innovative Strategies
Land & New Construction
Multi-Family and Apartment Investing
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions presented by
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing presented by
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation presented by
Foreclosures
1031 Exchanges presented by
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing

Updated about 8 years ago on . Most recent reply

Michael Davila's profile image
Michael Davila's profile image
Michael Davila
  • from Colorado City, Texas
  • Member since Sep 5, 2016

User Stats

3
Posts
0
Votes
Michael Davila's profile image
Michael Davila's profile image
Michael Davila
  • from Colorado City, Texas
  • Member since Sep 5, 2016
Michael Davila
  • Colorado City, TX
0
Votes |
3
Posts
Private Lending & Conventional Mortgage Advice

Refinance Exisiting Rental

Michael Davila
  • Colorado City, TX
Posted

My partner is looking into refinancing his existing rental property that is on an adjusted rate. He owes around $35000 on the existing loan and a realtor stated to him that it should appraise for $70000 to $75000.

My question is what would be the best approach to get on a fixed rate and be able to get some money back in order to invest in future deals. We are located in Texas

0 Votes
Follow
6 Replies
Jump to Last Reply
Log In or Sign Up to Reply

Most Popular Reply

Harjeet Bhatti's profile image
Harjeet Bhatti's profile image
Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015

User Stats

2,377
Posts
747
Votes
Harjeet Bhatti's profile image
Harjeet Bhatti's profile image
Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
747
Votes |
2,377
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

@Michael Davila You can cash out up to 75%LTV if its 1 unit or 70%LTV from 2-4 units.

  • Harjeet Bhatti
    • 2 Votes
    Log In or Sign Up to Reply
    Sort By:

    Loading replies...