Updated over 7 years ago on . Most recent reply
Cash Out Refi post Rehab?
Perspective? Purchased a 4-Unit in Delray Beach, FL last July with HM (Lending On- they have been excellent) $520K pp w/25% down- gut rehab with my own cash- now a weekly vaca rental/short term stay lux compound (www.lavidadelray.com). ARV currently >$1M based on comps and knowing the market.
Opened May 2018-- Despite being off season, already have solid income trending and future bookings.
My goal is to cash out refinance to recoup my cash investment and replicate the process or go bigger into 5+ MF.
Suggestions for financing?